Skola Mwinuka

Thank you for your loan. It has been disbursed to Skola Mwinuka 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.

Dear lenders,

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

As you know, your generosity helped Skola obtain a loan of $850 in June 2008. She is running a shop business and used the loan to purchase items in bulk fro her business. She works at her business for 13 hours per day, 6 days per week. Since she took out the loan, her business has been doing well and Skola’s monthly profits have increased from about $300 to approximately $420. She has used these extra profits to successfully repay her loan as well as paying school fees for her children, paying water and electricity bills, she made improvement for her house.

In the future, she is planning to request a loan of $1500 from SELFINA with which she plans she plans to open a store. On the personal front, her family is doing well. She is single and has one child Skola dreams about to have more children.

SELFINA aims to continue to assist Skola and other women like her, and empower them towards financial security and increased confidence through microloans. Thank you very much for supporting Skola! 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