Habiba Shabani

Status: Paid Back

$525.00		Loan Request
$525.00		Paid Back

About the Entrepreneur

Name:	Habiba Shabani
Location:	Mwanza, Tanzania
Activity:	General Store

About the Loan

Loan Amount:	$525.00
Loan Use:	To purchase additional stock for her general store in bulk.
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Feb 4, 2008
Date Disbursed:	Feb 18, 2008
Date Funded:	Feb 4, 2008
Loan Ended:	Mar 16, 2009

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:	1,161.0000 TZS = 1 USD

Mambo from Mwanza, Tanzania! This is 48-year-old Habiba Shabani. She is married with five children, aged between 20 and 32, and has two other dependents, who are her nieces. In 2005 Habiba established a shop selling general items, and now requires a loan of $525 in order to purchase additional stock in bulk. 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 the 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-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 equipment from said client, extending a loan to her, then leasing back the same equipment – a process called a sale and leaseback arrangement.

Lenders to this entrepreneur

Oisín
London, England
United Kingdom

John C. Kirkland
Southern California,
United States

Anonymous

Dale
Lyneham, Wiltshire
United Kingdom

Gwynn

Anonymous
southsea, Hampshire
United Kingdom

anna
philadelphia, PA
United States

Olivia
Etobicoke, Ontario
Canada

Jessy, Carter, Anndee
Kanata, Ontario
Canada

Paula

Kathleen
Glastonbury, CT
United States

Ronald

The Hendersons
Bloomfield Hills, MI
United States

Sheri
Havre De Grace, MD
United States

Journal entries for Habiba Shabani

Loan has been disbursed Entrepreneur: Habiba Shabani Location: Mwanza, Tanzania Thank you for your loan. It has been disbursed to Habiba Shabani 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 Mwanza, Tanzania Feb 19, 2008
Comment on this entry

Habiba Shabani Entrepreneur: Habiba Shabani Location: Mwanza, Tanzania Dear lenders, Mambo (Greetings!) from Mwanza, Tanzania and from SELFINA! Thank you for your loan through Kiva to Habiba Shabani, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Habiba and the status of her business. As you know, your generosity helped Habiba obtain a loan of $525 in February 2008. She is running a general store business and used the loan to purchase additional stock in bulk. She works hard at her business. Since she took out the loan, her business has been doing well and Habiba was able to pay bills, buy food for her family and pay other expenses. In the future, she is planning to request another loan from SELFINA with which she planed 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 Habiba and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Habiba 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 Mwanza, Tanzania Jun 25, 2009
Comment on this entry

Repayment Schedule for Habiba Shabani

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	Expected Repayments	Actual Repayments	Comments
May 2008	$43.75	$44.00	Repayment Received
June 2008	$43.75	$44.00	Repayment Received
July 2008	$43.75	$44.00	Repayment Received
August 2008	$43.75	$44.00	Repayment Received
September 2008	$43.75	$44.00	Repayment Received
October 2008	$43.75	$44.00	Repayment Received
November 2008	$43.75	$44.00	Repayment Received
December 2008	$43.75	$44.00	Repayment Received
January 2009	$43.75	$41.75	Repayment Received
February 2009	$43.75	$43.75	Repayment Received
March 2009	$43.75	$43.75	Repayment Received
April 2009	$43.75	$43.75	Repayment Received