Night Mkakanze


Status: Paying Back

$400.00   Loan Amount
27% repaid

About the Entrepreneur

Name: Night Mkakanze
Location: Mwanza, Tanzania
Activity: General Store

About the Loan

Loan Amount: $400.00
Loan Use: To purchase cooking oil, soda and breads.
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 9, 2009
Date Disbursed: Jul 15, 2009
Date Funded:Jul 9, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,300.0000 TZS = 1 USD



Mambo from Tanzania! This is 31-year-old Night Mkakanze from Mwanza. She is married with three children between the ages of 2 and 11 years old. Night has been running a shop since 2001. She sells soda, breads, soap and cooking oil. She works at the business 16 hours per day, 7 days per week, and is assisted by two employees. Night currently earns about 180USD from her business. She is requesting a loan of 400 USD in order to purchase cooking oil, soda and breads. In the future, she plans to expand her business. Night thanks you for her support!

ABOUT SELFINA!
SELFINA has taken a lead role as a pioneer of micro credit in Tanzania through micro leasing. The organization is engaged in the economic empowerment of women in Tanzania through the provision of a leasing and leaseback microfinance facility. Customs and traditions in Tanzania make it difficult for women to own land and assets, thus they are termed non-creditworthy by financial institutions. This leads to poor financial support and poor access to basic needs and services for women with low incomes. One of the primary advantages of micro leasing is that it allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.


Subscribe

Lenders to this entrepreneur

Ben
Ann Arbor, MI
United States

Sharon
warren, PA
United States

Marguerite
New York, NY
United States

Nyla & Alex
New York, NY
United States

Anonymous
Carmichael, CA
United States

John
PORT AUGUSTA, South Australia
Australia

Terry
KivaFriends.org , St. Louis, MO
United States

Olivia
Cupertino, CA
United States

St Luke
Sheboygan, WI
United States

Bonnie
Juneau, AK
United States

Sean
Melbourne, Victoria

Steven
Bethesda, MD
United States

Anonymous
flower mound, TX
United States



Top Lending Teams for this entrepreneur


St. Luke UMC, Sheboygan
Religious Congregations
5 Members

Pennsylvania
Local Area
47 Members

Stanford University
Colleges/Universities
190 Members

Journal entries for Night Mkakanze


Loan has been disbursed
 
Entrepreneur: Night Mkakanze
Location: Mwanza, Tanzania

Thank you for your loan. It has been disbursed to NIGHT MKAKANZE by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the 10 months of this loan, Sero Lease and Finance Ltd. (SELFINA) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Mwanza, Tanzania
Jul 15, 2009
Comment on this entry

Kiva Help Repayment Schedule for Night Mkakanze

  Expected Repayments Actual Repayments Comments
October 2009 $36.36 $36.36 Repayment Received
November 2009 $36.36 $36.36 Repayment Received
December 2009 $36.36 $36.36 Repayment Received
January 2010 $36.36 Available Jan 1  
February 2010 $36.36 Available Feb 1  
March 2010 $36.36 Available Mar 1  
April 2010 $36.36 Available Apr 1  
May 2010 $36.36 Available May 1  
June 2010 $36.36 Available Jun 1  
July 2010 $36.36 Available Jul 1  
August 2010 $36.40 Available Aug 1