Nelea Mateka

Status: Paid Back

$875.00		Loan Request
$875.00		Paid Back

About the Entrepreneur

Name:	Nelea Mateka
Location:	Dar Es Salaam, Tanzania
Activity:	Pharmacy

About the Loan

Loan Amount:	$875.00
Loan Use:	To purchase additional drugs for her medical store
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Dec 12, 2007
Date Disbursed:	Dec 26, 2007
Date Funded:	Dec 12, 2007
Loan Ended:	Jan 15, 2009

About the Field Partner

Field Partner:

Sero Lease and Finance Ltd. (SELFINA)

Field Partner Risk Rating:

(Learn more)

Active

24 months

2234

$1,031,725

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Tanzania
Avg Annual Income:	$723.00
Currency:	Tanzania Shillings (TZS)
Exchange Rate:	1,167.0000 TZS = 1 USD

Lotions, potions and pills are Mama Mateka’s speciality. She established the ‘Nekana Medical Store’ in 2004 and now requires a loan of $875 to expand the business by purchasing a larger quantity and range of stock. Nelea is a single mother and the business enables her to support her three children, Natojua, 16, Joseba, 14, and Eliza, 12.

SELFINA is engaged in economic empowerment of women in Tanzania through a 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 they are termed not credit worthy 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 equipment from the said client, extending a loan to her, and then leases back the same equipment – a process called sale and leaseback arrangement.

Lenders to this entrepreneur

Tess

Karena

John
Sedona, AZ
United States

Swati
Toronto, Ontario
Canada

Irene
Noordwijk, Netherlands
Netherlands

Len & Pat
spring lake park, MN
United States

Molly

mike
alexandria, VA
United States

Martin
New York, NY
United States

Tim

Newton North High School
Newton, MA
United States

Jody
Methuen, MA
United States

Jinny
Cary, NC
United States

Kris, John, Katie & Becky
Claremont, CA
United States

Anonymous
Cedar Ridge, CA
United States

Linda
Leesburg, VA
United States

Anonymous
Exeter, NH
United States

ralph
brewster, MA
United States

Lori
Winter Springs, FL
United States

Sallie
Phoenix, AZ
United States

Nancy
St. Paul, MN
United States

Charity
Sacramento, CA
United States

Margaret

Chihsun
Kaohsiung, Taiwan
Taiwan

Lloyd & Bonnie
Seneca, SC
United States

Diane
Rivière du Loup, Quebec
Canada

Maxine
Los Angeles, CA
United States

Anonymous
Englewood, CO
United States

Journal entries for Nelea Mateka

Loan has been disbursed Entrepreneur: Nelea Mateka Location: Dar Es Salaam, Tanzania Thank you for your loan. It has been disbursed to Nelea Mateka 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 27, 2007
Comments (1)

Update on your Kiva loan to Nelea Mateka! Entrepreneur: Nelea Mateka Location: Dar Es Salaam, Tanzania Dear lenders, Mambo (Greetings!) from Kibaha, Tanzania and from SELFINA! Thank you for your loan through Kiva to Nelea Mateka, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Nelea and the status of her business. As you know, your generosity helped Nelea obtain a loan of $875. She is running a pharmacy and used the loan to purchase additional medicine in bulk. She works at her business for 12 hours per day, 6 days per week. One employee assists her at her business. Since she took out the loan, her business has been doing well and Nelea’s monthly profits have increased from about $60 to approximately $100. She has used these extra profits to help pay for her children’s school fees, pay for improvements to her house, pay electricity and water bills, and pay for more/better food. In the future, she is planning to build her own house and to open another pharmacy in another location. SELFINA aims to continue to assist Nelea and other women like her, and empower them towards financial security and increased confidence through microloans. Thank you very much for supporting Nelea! 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 Trisha Chang from Dar Es Salaam, Tanzania Jan 2, 2009
Comment on this entry

Repayment Schedule for Nelea Mateka

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	Expected Repayments	Actual Repayments	Comments
March 2008	$72.92	$73.00	Repayment Received
April 2008	$72.92	$73.00	Repayment Received
May 2008	$72.92	$73.00	Repayment Received
June 2008	$72.92	$73.00	Repayment Received
July 2008	$72.92	$73.00	Repayment Received
August 2008	$72.92	$73.00	Repayment Received
September 2008	$72.92	$73.00	Repayment Received
October 2008	$72.92	$73.00	Repayment Received
November 2008	$72.92	$73.00	Repayment Received
December 2008	$72.92	$0.00	Repayment Received
January 2009	$72.92	$145.08	Repayment Received
February 2009	$72.88	$72.92	Repayment Received