Fatuma Ahamadi

Status: Paid Back

$700.00		Loan Request
$700.00		Paid Back

About the Entrepreneur

Name:	Fatuma Ahamadi
Location:	Dar Es Salaam, Tanzania
Activity:	General Store

About the Loan

Loan Amount:	$700.00
Loan Use:	To purchase additional stocks (e.g., soap, rice, sugar, biscuits, and cloth) in bulk.
Repayment Term:	13 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Mar 18, 2008
Date Disbursed:	Apr 3, 2008
Date Funded:	Mar 20, 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

2196

$1,021,325

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 Fatuma Ahamadi. She is 38 years old, married, and has five children between the ages of 10 and 20 years old. In 2005, Fatuma established her general store business. Working seven days a week, and 9 to12 hours a day, she earns about $430 each month from this business. She is assisted by her hursband, children, and one employee. Fatuma has already received and successfully repaid one loan from SELFINA, and now seeks a new loan in order to purchase additional stocks of soap, rice, sugar, biscuits, and cloth. She hopes that this loan will enable her to increase her monthly profits by approximately $175. In the future, Fatuma plans to open a new business. 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

Lauren
Boise, Idaho
United States

Rita
Yardley, PA
United States

Pooja
South Hadley, MA
United States

SPMC Youth
Stockton, CA
United States

william
davie, FL
United States

John
Auburn, WA
United States

Patsy
Hutchinson, KS
United States

Peter
Stockholm,
Sweden

Nigel
Pensacola, FL
United States

Rosemount Math Kids
Rosemount, MN
United States

Kakbank
Uppsala,
Sweden

Anonymous
Sterling, VA
United States

Corky and Alan
Ancaster, Ontario
Canada

Anonymous

Fern
Rockville, MD
United States

Melissa & Nancy
Houston, TX
United States

Sally
Drumheller, Alberta
Canada

Steve
Homeland, CA
United States

MiMi
washington, DC
United States

The Hendersons
Bloomfield Hills, MI
United States

Suzanne
TANINGES,

Johann
Bath, Somerset
United Kingdom

Journal entries for Fatuma Ahamadi

Loan has been disbursed Entrepreneur: Fatuma Ahamadi Location: Dar Es Salaam, Tanzania Thank you for your loan. It has been disbursed to Fatuma Ahamadi 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 3, 2008
Comment on this entry

Fatuma Ahmad Entrepreneur: Fatuma Ahamadi 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 Fatuma Ahmad, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Fatuma and the status of her business. As you know, your generosity helped Fatuma obtain a loan of $ 700 in March 2008. She owns a general store business and used the loan to purchase stock in bulk She works at her business six days. She is assisted by one employee at her business. Since she took out the loan, her business has been doing well and Fatuma’s monthly profits have increased from about $150 to approximately $250. She has used these extra profits to repay her loan, pay school fees, pay water and electricity bills. In the future, she is planning to open another business business. On the personal front, her family is doing well. As you may remember, she is married and has one child. SELFINA aims to continue to assist Fatuma and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Fatuma! 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 Mar 4, 2009
Comment on this entry

Repayment Schedule for Fatuma Ahamadi

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	Expected Repayments	Actual Repayments	Comments
July 2008	$70.00	$70.00	Repayment Received
August 2008	$70.00	$70.00	Repayment Received
September 2008	$70.00	$70.00	Repayment Received
October 2008	$70.00	$70.00	Repayment Received
November 2008	$70.00	$70.00	Repayment Received
December 2008	$70.00	$70.00	Repayment Received
January 2009	$70.00	$70.00	Repayment Received
February 2009	$70.00	$70.00	Repayment Received
March 2009	$70.00	$70.00	Repayment Received
April 2009	$70.00	$70.00	Repayment Received