Herry Chinguku


Status: Paying Back

$475.00   Loan Amount
8% repaid

About the Entrepreneur

Name: Herry Chinguku
Location: Mbeya, Tanzania
Activity: Cafe

About the Loan

Loan Amount: $475.00
Loan Use: To buy a refrigerator for her busness
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 16, 2009
Date Disbursed: Sep 30, 2009
Date Funded:Sep 16, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,304.0000 TZS = 1 USD



Mambo from Tanzania! This is 38-year-old Herry Chinguku from Mbeya. She is a widow with three children between the ages of eight and fifteen. Since 2008 Herry has been running a mama lishe, a local restaurant or café usually consisting of a rough wooden table and some long wooden benches. The food is all local: rice, ugali (a hot sticky dough made from maize flour) and plantains (cooked, savory bananas), all served with beans, vegetables, meat and a variety of sauces.


Herry works at her business for nine to twelve hours a day, six days a week, and is assisted by two employees. Herry currently earns about 120 USD from her business. She is requesting a loan in order to buy a refrigerator for her mama lishe. In the future she plans to open another business. Herry thanks you for your support!


About SELFINA:


SELFINA has taken a leading role as a microcredit pioneer in Tanzania. The organization is engaged in the economic empowerment of women in Tanzania by providing a lease 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.


For women with low incomes, this translates to poor financial support and limited access to basic needs and services. One of the primary advantages of microleasing is that it allows clients to use their business assets as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.





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Anonymous
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Judy
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Rod
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Jon
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Gia
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Virginia
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Journal entries for Herry Chinguku


Loan has been disbursed
 
Entrepreneur: Herry Chinguku
Location: Mbeya, Tanzania

Thank you for your loan. It has been disbursed to HERRY CHINGUKU 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 Mbeya, Tanzania
Sep 30, 2009
Comment on this entry

Kiva Help Repayment Schedule for Herry Chinguku

  Expected Repayments Actual Repayments Comments
December 2009 $39.58 $39.58 Repayment Received
January 2010 $39.59 Available Jan 1  
February 2010 $39.58 Available Feb 1  
March 2010 $39.58 Available Mar 1  
April 2010 $39.59 Available Apr 1  
May 2010 $39.58 Available May 1  
June 2010 $39.58 Available Jun 1  
July 2010 $39.59 Available Jul 1  
August 2010 $39.58 Available Aug 1  
September 2010 $39.58 Available Sep 1  
October 2010 $39.59 Available Oct 1  
November 2010 $39.58 Available Nov 1