Mary Mzatula


Status: Paid Back

$350.00   Loan Request
$350.00   Paid Back

About the Entrepreneur

Name: Mary Mzatula
Location: Mwanza, Tanzania
Activity: General Store

About the Loan

Loan Amount: $350.00
Loan Use: To purchase additional stock 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 Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,163.0000 TZS = 1 USD



Mambo from Mwanza, Tanzania! This is 46-year-old Mary Mzatula. She is widowed with four children, aged 5, 10, 12, and 17, and has two other dependents, who are her niece and nephew. In 2007 Mary established a shop selling general items, and now requires a loan of $350 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.


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Journal entries for Mary Mzatula


Loan has been disbursed
 
Entrepreneur: Mary Mzatula
Location: Mwanza, Tanzania

Thank you for your loan. It has been disbursed to Mary Mzatula 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
Comments (1)

UPDATE ON KIVA LOAN
 
Entrepreneur: Mary Mzatula
Location: Mwanza, Tanzania

Dear lenders,

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

As you know, your generosity helped Mary obtain a loan of $350 in January 2008. When she requested the loan, Mary was running a shop business and used the loan to buy flour, soaps, rice, and cooking oil. She works at her business for 12 hours per day, 7 days per week. Since she took out the loan, her business has been doing good In the future, she is planning to request a loan of $300 from SELFINA with which she plans to open tailoring business making clothes and resale them to customers. On the personal front, her family is doing good. She is widowed and has five children. Mary dreams about further studies of her children. SELFINA aims to continue to assist Mary and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Mary! 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 peter mwabeza from Mwanza, Tanzania
Jan 30, 2009
Comment on this entry

UPDATE ON KIVA LOAN
 
Entrepreneur: Mary Mzatula
Location: Mwanza, Tanzania

Dear lenders,

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

As you know, your generosity helped Mary obtain a loan of $400 in January 2008. When she requested the loan, Mary was running a shop business and used the loan to buy flour, soaps, rice, and cooking oil. She works at her business for 12 hours per day, 7 days per week. Since she took out the loan, her business has been doing good In the future, she is planning to request a loan of $300 from SELFINA with which she plans to open tailoring business making clothes and resale them to customers. On the personal front, her family is doing good. She is widowed and has five children. Mary dreams about further studies of her children. SELFINA aims to continue to assist Mary and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Mary! 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 peter mwabeza from Mwanza, Tanzania
Jan 30, 2009
Comment on this entry

Kiva Help Repayment Schedule for Mary Mzatula

  Expected Repayments Actual Repayments Comments
May 2008 $29.17 $30.00 Repayment Received
June 2008 $29.17 $30.00 Repayment Received
July 2008 $29.17 $30.00 Repayment Received
August 2008 $29.17 $30.00 Repayment Received
September 2008 $29.17 $30.00 Repayment Received
October 2008 $29.17 $30.00 Repayment Received
November 2008 $29.17 $30.00 Repayment Received
December 2008 $29.17 $30.00 Repayment Received
January 2009 $29.17 $22.50 Repayment Received
February 2009 $29.17 $29.17 Repayment Received
March 2009 $29.17 $29.17 Repayment Received
April 2009 $29.13 $29.16 Repayment Received