Zainabu Rashidi

Status: Paid Back

$350.00		Loan Request
$350.00		Paid Back

About the Entrepreneur

Name:	Zainabu Rashidi
Location:	Dar Es Salaam, Tanzania
Activity:	Fuel/Firewood

About the Loan

Loan Amount:	$350.00
Loan Use:	To purchase additional stocks of charcoal in bulk.
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jul 22, 2008
Date Disbursed:	Aug 6, 2008
Date Funded:	Jul 23, 2008
Loan Ended:	Jul 15, 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:	1,164.4000 TZS = 1 USD

Mambo from Dar es Salaam, Tanzania! This is 28-year-old Zainabu Rashidi, who is married and has two children aged four and nine. She has two other dependents who live with her because they are attending school in the area.. In 2008, Zainabu established her charcoal business. Working six days a week, and 11 hours a day, she earns about $230 every month. She now requests a loan in order to purchase additional stocks of charcoal. In the future, Zainabu plans to to increase the quantity and range of her stock. She thanks you for your support.

These small, black, and dirty pieces of dry earth are important not just to charcoal sellers but to their customers, who rely on charcoal to cook their meals. Many Tanzanians still use small coal pots, in which they arrange mkaa (charcoal), and add either paper, dry grass, old plastic bags or kerosene in order to light them. The fire requires constant fanning to ignite and maintain the flame, and makes cooking quite a hot and laborious task. It may not be the easiest or most environmentally friendly form of cooking, but it is the only option many people can afford.

Lenders to this entrepreneur

Good Dogg
Front Porch, www.kivafriends.org
United States

Shirley
Santa Fe, NM
United States

Jay & Farida
Jersey City, NJ
United States

Mitch and Elizabeth
Austin, TX
United States

Journal entries for Zainabu Rashidi

Loan has been disbursed Entrepreneur: Zainabu Rashidi Location: Dar Es Salaam, Tanzania Thank you for your loan. It has been disbursed to Zainabu Rashidi 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 Aug 6, 2008
Comment on this entry

Zainabu Rashidi Entrepreneur: Zainabu Rashidi 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 Zainabu Rashidi, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Zainabu and the status of her business. As you know, your generosity helped Zainabu obtain a loan of $350.00 in July 2008. She is running charcoal business and used the loan to purchase additional stocks. She works six days at her business and 9-12 hours per day. Since she took out the loan, her business has been doing well and Zainabu’s monthly profits have increased from 100 to 140 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 two children. SELFINA aims to continue to assist Zainabu and other women like her, and empower them towards financial security and increased confidence through microloans. Thank you very much for supporting Zainabu! 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 Jun 8, 2009
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Repayment Schedule for Zainabu Rashidi

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	Expected Repayments	Actual Repayments	Comments
November 2008	$35.00	$35.00	Repayment Received
December 2008	$35.00	$35.00	Repayment Received
January 2009	$35.00	$35.00	Repayment Received
February 2009	$35.00	$35.00	Repayment Received
March 2009	$35.00	$35.00	Repayment Received
April 2009	$35.00	$35.00	Repayment Received
May 2009	$35.00	$35.00	Repayment Received
June 2009	$35.00	$34.99	Repayment Received
July 2009	$35.00	$35.00	Repayment Received
August 2009	$35.00	$35.01	Repayment Received