Veronica Mkonongo

Thank you for your loan. It has been disbursed to Veronica Mkonongo 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.

Dear lenders,

Mambo from Mbeya, Tanzania and from SELFINA! Thank you for your loan through Kiva to Veronica Mkonongo, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Veronica and the status of her business.

As you know, your generosity helped Veronica obtain a loan of $450 in February 2008. She is running a General Store and used the loan to purchase additional stocks of blankets, clothing, soft drinks and sugar. She works at her business for 12 hours per day, 6 days per week. Since she took out the loan, her business has been doing well. Veronica’s monthly profits have increased from about $360 to approximately $410. She has used these extra profits to successfully repay her loan as well as to make improvement to her house, to pay water bills, to buy better food for her family and medical treatment.

In the future, she is planning to request a loan of $700 from SELFINA with which she plans increase the quantity and the range of her business. On the personal front, her family is doing well. She is married with two children. Veronica dreams about to send her children to School. SELFINA aims to continue to assist Veronica and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Veronica! 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