Rose Kisambwe

Status: Paid Back

$825.00		Loan Request
$825.00		Paid Back

About the Entrepreneur

Name:	Rose Kisambwe
Location:	Kyela, Tanzania
Activity:	Food Market

About the Loan

Loan Amount:	$825.00
Loan Use:	To purchase crops in bulk for resale at the market.
Repayment Term:	13 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Apr 20, 2008
Date Disbursed:	May 5, 2008
Date Funded:	Apr 21, 2008
Loan Ended:	Apr 15, 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:	1,226.0000 TZS = 1 USD

Mambo from Mbeya, Tanzania! This is 22 year old Rose Kisambwe. She is married and has a one year old child. She also has two dependents, who live with her because they are her sisters. In 2003, Rose established her market stall business. Rose has already received and successfully repaid one loan from SELFINA. She now requires a new loan in order to purchase stock of crops in bulk for resale. 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 microfinance 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

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Anonymous
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Alan & Carmen
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Rochelle
Chicago, IL
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Ambrose
Mississauga, Ontario
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David B.
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Caryl
Poughkeepsie, NY
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Matthew
New York, NY
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Jillian
Brooklyn, NY
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Bernhard
Dinslaken,
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Yemisi
Playa Vista, CA
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Eileen
North Caldwell, NJ
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Courtney

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Anonymous

Katelin
Cleona, PA
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Jill
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Willa
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Cambialaria
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Janice

Anne
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Journal entries for Rose Kisambwe

Loan has been disbursed Entrepreneur: Rose Kisambwe Location: Kyela, Tanzania Thank you for your loan. It has been disbursed to Rose Kisambwe 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 Kyela, Tanzania May 5, 2008
Comment on this entry

Rose Kisambwe Entrepreneur: Rose Kisambwe Location: Kyela, Tanzania Dear lenders, Mambo (Greetings!) from Kyela, Tanzania and from SELFINA! Thank you for your loan through Kiva to Rose Kisambwe, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Rose and the status of her business. As you know, your generosity helped Rose obtain a loan of $825 in April 2008. She is running a crops business and used the loan to purchase crops in bulk for her business She works at her business for 10 hours per day, 6 days per week. Since she took out the loan, her business has been doing well and Rose’s monthly profits have increased from about $180 to approximately $240. She has used these extra profits to repay her loan, paying rent, water bills, electricity, bills and better food for her family. . On the personal front, her family is doing well. As you may remember, she is married and has one child. Rose dreams about being able to send her child to school. SELFINA aims to continue to assist Rose and other women like her, and empower them towards financial security and increased confidence through microloans. Thank you very much for supporting Rose! 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
Posted by zephania mahenge from Kyela, Tanzania Apr 7, 2009
Comment on this entry

Repayment Schedule for Rose Kisambwe

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	Expected Repayments	Actual Repayments	Comments
August 2008	$82.50	$83.00	Repayment Received
September 2008	$82.50	$83.00	Repayment Received
October 2008	$82.50	$83.00	Repayment Received
November 2008	$82.50	$83.00	Repayment Received
December 2008	$82.50	$83.00	Repayment Received
January 2009	$82.50	$80.00	Repayment Received
February 2009	$82.50	$82.50	Repayment Received
March 2009	$82.50	$82.50	Repayment Received
April 2009	$82.50	$82.50	Repayment Received
May 2009	$82.50	$82.50	Repayment Received