Stella Sanga


Status: Refunded

$450.00   Loan Request

About the Entrepreneur

Name: Stella Sanga
Location: Dar Es Salaam, Tanzania
Activity: Clothing Sales

About the Loan

Loan Amount: $450.00
Loan Use: Buy new sewing machines
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 20, 2007
Date Disbursed: Dec 4, 2007
Date Funded:Nov 20, 2007
Refund Date:Dec 18, 2007

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,126.8500 TZS = 1 USD



Stella making all types of clothes and sells them in the local market. She is married and has two children ages 9 and 11 years. Her husband is jobless. Stella works very hard to improve her family's living standard. She is asking for a loan of USD 450 to buying new sewing machines for her business. She is proposing to repay the loan in 12 months. She thanks you for your support.




About SELFINA

SELFINA is engaged in economic empowerment of women in Tanzania through leasing and leaseback facility as a practical way to achieve economic and social emancipation of women.



SELFINA has taken a lead role as a pioneer of micro-credit in Tanzania through Micro Leasing. Customs and traditions in Tanzania normally make it difficult for women to own land and assets, thus termed not-creditworthy by financial institutions as they lack tangible collateral assets. This leads to poor financial support hence poor access to basic needs and services for women with low incomes.



SELFINA buys and leases equipment to women. Where a client needs working capital SELFINA buys equipments from the said client extending a loan to her and then leases back the same equipment – a process called "sale and leaseback" arrangement.

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Lenders to this entrepreneur

Diane R
KivaFriends.org, Santa Clara, CA
United States

Per Lönn
Malmö,
Sweden

Evelyn
Aarhus, .
Denmark

anne
Amstedam, Noord-Holland
Netherlands

Prof. Dr.
Seabrook, NH
United States

Heather and Zac
Carrboro, NC
United States

Kevin
Raleigh, NC
United States

Christi-ann
Garibaldi Highlands, British Columbia
Canada

David
San Francisco, CA
United States

Lash & Goldberg LLP
Miami, FL
United States

Benoit
Kanata, Ontario
Canada

George
Bloomington, Indiana
United States

Jeffrey
Paget,
Bermuda



Journal entries for Stella Sanga


Loan has been disbursed
 
Entrepreneur: Stella Sanga
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to Stella Sanga by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the next 12 months, Sero Lease and Finance Ltd. (SELFINA) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Dar Es Salaam, Tanzania
Dec 4, 2007
Comment on this entry

Loan Refunded
 
Entrepreneur: Stella Sanga
Location: Dar Es Salaam, Tanzania

This loan has been refunded for the following reason:

Unfortunately, the loan term posted for this business was incorrect. SELFINA intends to repost this business for funding soon!


Posted by Benjamin Elberger, Kiva Staff, from San Francisco, United States
Dec 18, 2007
Comment on this entry

Kiva Help Repayment Schedule for Stella Sanga

  Expected Repayments Actual Repayments Comments
March 2008 $37.50 $0.00 Repayment Received
April 2008 $37.50 $0.00 Repayment Received
May 2008 $37.50 $0.00 Repayment Received
June 2008 $37.50 $0.00 Repayment Received
July 2008 $37.50 $0.00 Repayment Received
August 2008 $37.50 $0.00 Repayment Received
September 2008 $37.50 $0.00 Repayment Received
October 2008 $37.50 $0.00 Repayment Received
November 2008 $37.50 $0.00 Repayment Received
December 2008 $37.50 $0.00 Repayment Received
January 2009 $37.50 $0.00 Repayment Received
February 2009 $37.50 $0.00 Delinquent