Zainabu Issa


Status: Raised

$250.00   Loan Request
$250.00   Raised

About the Entrepreneur

Name: Zainabu Issa
Location: Morogoro, Tanzania
Activity: Food Production/Sales

About the Loan

Loan Amount: $250.00
Loan Use: To purchase ingredients for making snacks
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 22-year-old Zainabu H. Issa from Morogoro. She is married with two children who are 5 and 9. Zainabu has been running a snack-sales business since 2008. She sells local snacks known as vitumbua and maandazi. Such snacks are mostly in demand during breakfast.

She works at the business for six hours per day, seven days per week and no one is assisting her. Zainabu is requesting a loan of 300,000 Tanzanian shillings in order to purchase ingredients for making snacks. In the future, she plans to open another business. Zainabu 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 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 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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Kiva Help Repayment Schedule for Zainabu Issa

  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