Lilian John


Status: Paying Back

$625.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Lilian John
Location: Mbeya, Tanzania
Activity: Used Clothing

About the Loan

Loan Amount: $625.00
Loan Use: To purchase more used clothes in bulk
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 12, 2009
Date Disbursed: Oct 30, 2009
Date Funded:Oct 12, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,310.0000 TZS = 1 USD



Mambo from Tanzania! This is 21-year-old Lilian John from Mbeya. She is single. Lilian has been running a used clothes business since 2007. Her business is selling second-hand clothes. This clothing journeys across the oceans from America and Europe, and is then washed, ironed and sold in bulk by wholesalers in Tanzania to retailers who then re-wash and re-iron the clothes for sale on the streets and in the surrounding towns and villages. These clothes are becoming increasingly popular, especially amongst the younger generation, because of their low cost, and the general appeal of anything modern.



Lilian works at the business for 9-12 hours per day, 6 days per week. Lilian currently earns about 250 USD from her business. She is requesting a loan in order to purchase more used clothes in bulk for her business. In the future, she plans to improve the quality and range of her products. Lilian 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 micro-finance 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.



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Journal entries for Lilian John


Loan has been disbursed
 
Entrepreneur: Lilian John
Location: Mbeya, Tanzania

Thank you for your loan. It has been disbursed to LILIAN JOHN 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
Oct 30, 2009
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Kiva Help Repayment Schedule for Lilian John

  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