Salma Ruhaka

Status: Paid Back

$1,050.00		Loan Request
$1,050.00		Paid Back

About the Entrepreneur

Name:	Salma Ruhaka
Location:	Dar Es Salaam, Tanzania
Activity:	Construction Supplies

About the Loan

Loan Amount:	$1,050.00
Loan Use:	To purchase additional stocks of building materials and soda for her shop.
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Dec 12, 2007
Date Disbursed:	Dec 27, 2007
Date Funded:	Dec 13, 2007
Loan Ended:	Aug 21, 2008

About the Field Partner

Field Partner:

Sero Lease and Finance Ltd. (SELFINA)

Field Partner Risk Rating:

(Learn more)

Active

24 months

2221

$1,027,575

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

Thirty-seven year old Salma Ruhaka is a busy woman. She is married and a mother of three, Hussein, 10, Mussa, 7, and Hassani, 5. She is employed by the Tanzanian Ministry of Justice and Constitutional Affairs as an Assistant Registration Officer and also runs three businesses! In 2000 she began selling bags of concrete and in 2004 added the sale of soda to her ventures. This year Salma opened a shop from which to sell her goods, to which she added a variety of building materials such as steel, gravel and pebbles. She requires a loan of $1,050.00 to further establish and expand this business by purchasing additional stock in bulk. Salma has successfully repaid one loan from SELFINA and is determined to do so again.

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

Rahul
Oak Ridge, Tennessee
United States

Harmless
Cincinnati, OH
United States

Laurie
Frederick, MD
United States

Anonymous

Anonymous
Sudbury, MA
United States

Eric
Salem, NH
United States

Maxine
Los Angeles, CA
United States

Ray & Diana
Macomb, IL
United States

Stacia
Toronto, Ontario
Canada

Sean Howell
Seattle, WA
United States

brandon
olathe, KS
United States

Shahin Murphy
Toronto, ON
Canada

Richard
Rochester, NY
United States

Nikita

gerry
Vancouver, British Columbia
Canada

Jorgen & André
Oslo, NY
Norway

douglas
london, London
United Kingdom

Tom
San Antonio, TX
United States

Takeshi
Bunkyo-ku, Tokyo
Japan

Linda
Golden Valley, MN
United States

Irsan
Middelburg,
Netherlands

Greg
Clayton, MO
United States

Mojo Mom
Chapel Hill, NC
United States

WELCA
Brookville, OH
United States

Journal entries for Salma Ruhaka

Loan has been disbursed Entrepreneur: Salma Ruhaka Location: Dar Es Salaam, Tanzania Thank you for your loan. It has been disbursed to Salma Ruhaka 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 Salma Ruhaka who received a loan from you through Kiva! Entrepreneur: Salma Ruhaka Location: Dar Es Salaam, Tanzania Mambo from Dar es Salaam! The purpose of this journal is to update you on Salma Ruhaka, a SELFINA client and micro-entrepreneur, who received a loan from you through Kiva. Salma received her loan in january 2008, and is on track to finish her loan this june. Salma's soft drinks business is doing good, and business has grown a lot. She used her loan from Kiva to purchase additional stock of soft drinks such as soda and juice. Her business is now generating a monthly profit of 500 usd, up from 300 before she received the loan. Salma has used the extra profit to make loan repayments, paying school fees for her children, and pay electricity and water bills. Salma works at her business for 7 days per week for about 13 hours per day. Her husband and one employee assist her in running her soda shop. Salma also works at the Ministry of Law as neither her salary nor business alone is enough to support her and her family. Both Salma and her family are good. All three of her children are in school . In the future, Salma hopes to expand her business. She thanks all the Kiva lenders who contributed to her business. SELFINA aims to continue to assist Salma and other women like her and empower them towards financial security and increased confidence through microloans. Thank you for your generosity in supporting Salma! To continue to 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
Posted by Nabomita Dutta from Dar Es Salaam, Tanzania Oct 29, 2008
Comment on this entry

Repayment Schedule for Salma Ruhaka

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	Expected Repayments	Actual Repayments	Comments
March 2008	$87.50	$88.00	Repayment Received
April 2008	$87.50	$88.00	Repayment Received
May 2008	$87.50	$88.00	Repayment Received
June 2008	$87.50	$88.00	Repayment Received
July 2008	$87.50	$88.00	Repayment Received
August 2008	$87.50	$88.00	Repayment Received
September 2008	$87.50	$88.00	Repayment Received
October 2008	$87.50	$434.00	Repayment Received
November 2008	$87.50	$0.00	Repayment Received
December 2008	$87.50	$0.00	Repayment Received
January 2009	$87.50	$0.00	Repayment Received
February 2009	$87.50	$0.00	Repayment Received