Frida Simba


Status: Raised

$250.00   Loan Request
$250.00   Raised

About the Entrepreneur

Name: Frida Simba
Location: Morogoro, Tanzania
Activity: Cafe

About the Loan

Loan Amount: $250.00
Loan Use: To purchase additional ingredients for her business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 7, 2009
Date Disbursed: Nov 30, 2009
Date Funded:Nov 8, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,323.5000 TZS = 1 USD



Mambo (greetings) from Tanzania! This is 65-year-old Frida R. Simba from Morogoro. Frida has been running a mama lishe since 2008. A mama lishe (local restaurant or café) in Tanzania usually consists 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 (a cooked savory banana) – all served with beans, vegetables, meat, and a variety of sauces.


Frida is married with eight children between the ages of 17 and 25. She works at her business for 13 hours per day, 5 days per week, and is assisted by her child. Frida is requesting a loan of 300,000 Tanzanian shillings in order to purchase additional ingredients for her business. In the future, she plans to increase the quantity and range of her stock.


Frida 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 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 micro-leasing 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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Kiva Help Repayment Schedule for Frida Simba

  Expected Repayments Actual Repayments Comments
February 2010 $20.83 Available Feb 1  
March 2010 $20.84 Available Mar 1  
April 2010 $20.83 Available Apr 1  
May 2010 $20.83 Available May 1  
June 2010 $20.84 Available Jun 1  
July 2010 $20.83 Available Jul 1  
August 2010 $20.83 Available Aug 1  
September 2010 $20.84 Available Sep 1  
October 2010 $20.83 Available Oct 1  
November 2010 $20.83 Available Nov 1  
December 2010 $20.84 Available Dec 1  
January 2011 $20.83 Available Jan 1