Regina Mwakajoka


Status: Paying Back

$700.00   Loan Amount
8% repaid

About the Entrepreneur

Name: Regina Mwakajoka
Location: Mbozi, Tanzania
Activity: Cereals

About the Loan

Loan Amount: $700.00
Loan Use: To open the same business at a new location
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 14, 2009
Date Disbursed: Sep 30, 2009
Date Funded:Sep 20, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,304.4800 TZS = 1 USD



Mambo (greetings) from Tanzania! This is 35-year-old Regina Mwakajoka from Mbozi. She is married with two children aged 6 and 12.

Regina has been running a sunflower seed business since 2001, purchasing sunflower seeds and selling them to oil producers. She works at the business for 9-12 hours per day, 6 days per week and is assisted by three employees. She currently earns about 200 USD from her business.

Regina is requesting a loan in order to open the same business at a new location. In the future, she plans to improve the quality and range of her product. Regina thanks you for your 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 is allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.


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Journal entries for Regina Mwakajoka


Loan has been disbursed
 
Entrepreneur: Regina Mwakajoka
Location: Mbozi, Tanzania

Thank you for your loan. It has been disbursed to Regina Mwakajoka by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the 11 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 Mbozi, Tanzania
Sep 30, 2009
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Kiva Help Repayment Schedule for Regina Mwakajoka

  Expected Repayments Actual Repayments Comments
December 2009 $58.33 $58.33 Repayment Received
January 2010 $58.34 Available Jan 1  
February 2010 $58.33 Available Feb 1  
March 2010 $58.33 Available Mar 1  
April 2010 $58.34 Available Apr 1  
May 2010 $58.33 Available May 1  
June 2010 $58.33 Available Jun 1  
July 2010 $58.34 Available Jul 1  
August 2010 $58.33 Available Aug 1  
September 2010 $58.33 Available Sep 1  
October 2010 $58.34 Available Oct 1  
November 2010 $58.33 Available Nov 1