Tabu Masawila


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Entrepreneur

Name: Tabu Masawila
Location: Dar Es Salaam, Tanzania
Activity: Beauty Salon

About the Loan

Loan Amount: $625.00
Loan Use: Buying new steamer and electrical stabilizer
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 25, 2007
Date Disbursed: Dec 9, 2007
Date Funded:Nov 25, 2007
Loan Ended:Jan 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,129.5500 TZS = 1 USD



Tabu is a small entrepreneur who owns a beauty salon. She is married to Mohamed Ngwenda who works with the Port Authority. She has five children aged 5, 8,14, 20 and 24 years. She has a dream to become one of the top hair designers. After successfully repaying two loans, she is asking for a loan to buy a new steamer and electrical stabilizer. She is proposing to repay 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, and they are thus termed not-creditworthy by financial institutions as they lack tangible collateral assets. This leads to poor financial support and poor access to basic needs and services for women with low incomes.





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Lenders to this entrepreneur

Anonymous
Santiago de Compostela, La Coruna
Spain

carrie
ottawa, Ontario
Canada

Tina
Bethesda, MD
United States

Susan
Anderson, TX
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Emily and Claire
Carson City, NV
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The Icelander
Reykjavik,
Iceland

Layli & Neil
Salem, OR
United States

Aneesa & Dewain
Escondido, CA
United States

KHANH (Ken)
Southern CA, CA
United States

Douglas
Pasadena, CA
United States

Carol
Chino Hills, CA
United States

Martin
Valderoy,
Norway



Journal entries for Tabu Masawila


Loan has been disbursed
 
Entrepreneur: Tabu Masawila
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to Tabu Masawila 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 10, 2007
Comments (2)

Tabu Masawila
 
Entrepreneur: Tabu Masawila
Location: Dar Es Salaam, Tanzania

Dear lenders,

Mambo (Greetings!) from Dar es salaam, Tanzania and from SELFINA! Thank you for your loan through Kiva to Tabu Masawila, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Tabu and the status of her business.

As you know, your generosity helped Tabu obtain a loan of $ 625 in December 2008. She is running a Beauty saloon business, and she used the loan to purchase steamer and electrical Stabilizer.

She works at her business every day. Since she took out the loan, her business has been doing well and Tabu monthly profits have increased from about $100 for approximately $200. She has used these extra profits for paying school fee, paying water and electricity bills and buying food for her family.

In the future, she is planning to request a loan of $1000 from SELFINA with which she plans to expand her business. On the personal front, her family is doing well. As you may remember, she is married and has five children. SELFINA aims to continue to assist Tabu and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Tabu! To continue to support women like her and lend to SELFINA borrowers, please click here:

http://www.kiva.org/app.php?page=businesses&partner_id=90&status=All&sortBy=New+to+Old&_tpg=fb

Asante tena (thank you again) for your support!


Posted by ANGANILE MWAKALONGE from Dar Es Salaam, Tanzania
Jan 23, 2009
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Kiva Help Repayment Schedule for Tabu Masawila

  Expected Repayments Actual Repayments Comments
March 2008 $52.08 $53.00 Repayment Received
April 2008 $52.08 $53.00 Repayment Received
May 2008 $52.08 $53.00 Repayment Received
June 2008 $52.08 $53.00 Repayment Received
July 2008 $52.08 $53.00 Repayment Received
August 2008 $52.08 $53.00 Repayment Received
September 2008 $52.08 $53.00 Repayment Received
October 2008 $52.08 $53.00 Repayment Received
November 2008 $52.08 $53.00 Repayment Received
December 2008 $52.08 $53.00 Repayment Received
January 2009 $52.08 $42.92 Repayment Received
February 2009 $52.12 $52.08 Repayment Received