Stela Katininda

Status: Paid Back

$850.00		Loan Request
$850.00		Paid Back

About the Entrepreneur

Name:	Stela Katininda
Location:	Dar Es Salaam, Tanzania
Activity:	Textiles

About the Loan

Loan Amount:	$850.00
Loan Use:	To expand her business by purchasing additional African cloth.
Repayment Term:	13 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Mar 18, 2008
Date Disbursed:	Apr 2, 2008
Date Funded:	Mar 19, 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

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:	1,180.5000 TZS = 1 USD

Mambo from Dar es Salaam, Tanzania! This is Stela Katininda. She is 44 years old, married, and has four children between the ages of 12 and 23 years old. In addition, she has one dependent who lives with her because her parents live in a remote area. Stela owns a traditional African clothing business. She works extremely hard to earn about $240 each month from this business. She is assisted by her one employee. Stela seeks a loan in order to purchase additional stocks of African cloth. In the future, Stela plans to increase the quantity and range of her stock. She thanks you for your support.

SELFINA is engaged in the economic empowerment of women in Tanzania through the provision of a leasing and leaseback micro-finance facility. Customs and traditions in Tanzania normally make it difficult for women to own land and assets, thus they are not considered to be credit-worthy by financial institutions because they lack tangible assets that can serve as collateral. As such, low income women in Tanzania typically receive poor financial support and in turn only limited access to basic needs and services.

Fortunately, SELFINA has been a pioneer of micro-credit in Tanzania through micro-leasing to achieve the economic and social emancipation of women in Tanzania. Simply put, SELFINA buys and leases equipment to women through an arrangement called a sale and leaseback transaction. More specifically, when a client needs working capital, SELFINA buys equipment from said client, extends a loan to her to facilitate the transaction, and then leases the equipment back to her.

Lenders to this entrepreneur

Michelle
Oxford, MS
United States

Keith & Susanna
Oberwil-Lieli,
Switzerland

Jewel M
Kamuela, Hawaii
United States

Janet
Banff, Alberta
Canada

judith
Albany, NY
United States

Steve & Joanne
Haslemere, Surrey
United Kingdom

Ruth
Mountlake Terrace, WA
United States

Sara
North East, PA
United States

DAVID
toronto, Ontario
Canada

Frank & Dee
matthews, NC
United States

Zelly
Menomonie, WI
United States

Mary
Victoria, British Columbia
Canada

Kim
Apalachin, New York
United States

Kurt
Chardon, OH
United States

Miji KivaFriends.org
Everett, WA
United States

Diane R
KivaFriends.org, Santa Clara, CA
United States

Deborah
Berkeley, CA
United States

Emily's Family
Santa Barbara, CA
United States

Patrick
Las Vegas, NV
United States

RS Family
Mankato, MN
United States

Laurina
Yuma, AZ
United States

GuerriLA
Burbank, CA
United States

Gumball Capital
Stanford, CA
United States

Robert
Fremont, CA
United States

Rosemary
Ottawa, Ontario
Canada

Adrienne
Denver, CO
United States

Julie
Kingston, MA
United States

Journal entries for Stela Katininda

Loan has been disbursed Entrepreneur: Stela Katininda Location: Dar Es Salaam, Tanzania Thank you for your loan. It has been disbursed to Stela Katininda by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the next 10 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 Apr 2, 2008
Comment on this entry

Stela Katininda Entrepreneur: Stela Katininda Location: Dar Es Salaam, Tanzania Dear lenders, Mambo (Greetings!) from Dar es Salaam, Tanzania and from SELFINA! Thank you for your loan through Kiva to Stela Katininda, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Stela and the status of her business. As you know, your generosity helped Stela obtain a loan of $850 in April 2008. She is running a Clothing Sales business and used the loan to purchase additional stocks of clothes in bulk. She works six days at her business. Since she took out the loan, her business has been doing well and Stela’s monthly profits have increased from 240 to 300 usd. She has used these extra profits to buy food for her family and pay bills. In the future, she is planning to expand her business. On the personal front, her family is doing well. As you may remember, she is married and has four children. SELFINA aims to continue to assist Stela and other women like her, and empower them towards financial security and increased confidence through microloans. Thank you very much for supporting Stela! 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 Dar Es Salaam, Tanzania May 8, 2009
Comment on this entry

Repayment Schedule for Stela Katininda

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	Expected Repayments	Actual Repayments	Comments
July 2008	$85.00	$85.00	Repayment Received
August 2008	$85.00	$85.00	Repayment Received
September 2008	$85.00	$85.00	Repayment Received
October 2008	$85.00	$85.00	Repayment Received
November 2008	$85.00	$85.00	Repayment Received
December 2008	$85.00	$85.00	Repayment Received
January 2009	$85.00	$85.00	Repayment Received
February 2009	$85.00	$85.00	Repayment Received
March 2009	$85.00	$85.00	Repayment Received
April 2009	$85.00	$85.00	Repayment Received