Mele Mkulikwa


Status: Paying Back

$625.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Mele Mkulikwa
Location: Mbozi, Tanzania
Activity: Cereals

About the Loan

Loan Amount: $625.00
Loan Use: To purchase crops in bulk
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 2, 2009
Date Disbursed: Oct 30, 2009
Date Funded:Oct 3, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,308.0000 TZS = 1 USD



Mambo from Tanzania! Mele Mkulikwa from Mbozi has been running a crops business since 2006. She is 30 years old and married with two children, between the ages of 2 and 5. She works at her business for 9-12 hours per day, 6 days per week. Mele currently earns about $170 US from her business. She is requesting a loan in order to purchase crops in bulk for her business. In the future, she plans to open the same business in a new location. Mele thanks you for your support!


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 deemed non-creditworthy by financial institutions. This leads to poor financial support and poor access to services for women with low incomes. One of the primary advantages of microleasing is that it allows clients to use 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 Mele Mkulikwa


Loan has been disbursed
 
Entrepreneur: Mele Mkulikwa
Location: Mbozi, Tanzania

Thank you for your loan. It has been disbursed to Mele Mkulikwa 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
Oct 30, 2009
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Kiva Help Repayment Schedule for Mele Mkulikwa

  Expected Repayments Actual Repayments Comments
January 2010 $52.08 Available Jan 1  
February 2010 $52.09 Available Feb 1  
March 2010 $52.08 Available Mar 1  
April 2010 $52.08 Available Apr 1  
May 2010 $52.09 Available May 1  
June 2010 $52.08 Available Jun 1  
July 2010 $52.08 Available Jul 1  
August 2010 $52.09 Available Aug 1  
September 2010 $52.08 Available Sep 1  
October 2010 $52.08 Available Oct 1  
November 2010 $52.09 Available Nov 1  
December 2010 $52.08 Available Dec 1