Zulpha Stambuli

Status: Paid Back

$700.00		Loan Request
$700.00		Paid Back

About the Entrepreneur

Name:	Zulpha Stambuli
Location:	Dar Es Salaam, Tanzania
Activity:	Grocery Store

About the Loan

Loan Amount:	$700.00
Loan Use:	To purchase additional stocks of beans, rice, and vegetables
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jul 23, 2008
Date Disbursed:	Aug 17, 2008
Date Funded:	Aug 3, 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

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:	1,164.0000 TZS = 1 USD

Mambo from Dar es Salaam, Tanzania! This is 48-year-old Zulpha Stambuli. She is married and In 2000, Zulpha established her grocery business. Zulpha requires a loan in order to purchase additional stocks of rice, beans, and vegetables. In the future, Zulpha plans to increase the quantity and range of her inventory. 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

van Dongen
Naples, FL
United States

LaJaSa
Dublin, OH
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Stasia
Augusta, WI
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Anonymous
West Pittston, PA
United States

Pamela
Nottingham, Nottinghamshire
United Kingdom

Jean Synodinos
Austin, TX
United States

Ramona
Stockholm,
Sweden

Lee
Geneva,
Switzerland

Tom

United States

Meghan

Ester
Utrecht,
Netherlands

Grace & Bella
Little Rock, AR
United States

Anonymous
Highlands Ranch, CO
United States

Antonio
London, London
United Kingdom

Anwer
Chesterfield, VA
United States

Anthony
New Jersey
United States

Anonymous
Ottawa, Ontario
Canada

Anonymous
Koekelberg,
Belgium

Grace
Andover, MA
United States

BlueAvocado
Austin, TX
United States

Paolo
Fosso', VE
Italy

Andrew
Raymond, NH
United States

Shareen
Fremont, CA
United States

Journal entries for Zulpha Stambuli

Loan has been disbursed Entrepreneur: Zulpha Stambuli Location: Dar Es Salaam, Tanzania Thank you for your loan. It has been disbursed to Zulpha Stambuli 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 17, 2008
Comment on this entry

Zulpha Stambuli Entrepreneur: Zulpha Stambuli 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 Zulpha Stambuli, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Zulpha and the status of her business. As you know, your generosity helped Zulpha obtain a loan of $700 in August 2008. She is running grocery business and used the loan to purchase stocks in bulk. 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 Zulpha’s monthly profits have increased from 100 to 150 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. SELFINA aims to continue to assist Zulpha and other women like her, and empower them towards financial security and increased confidence through microloans. Thank you very much for supporting Zulpha! 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 9, 2009
Comment on this entry

Repayment Schedule for Zulpha Stambuli

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	Expected Repayments	Actual Repayments	Comments
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
May 2009	$70.00	$70.00	Repayment Received
June 2009	$70.00	$69.99	Repayment Received
July 2009	$70.00	$70.00	Repayment Received
August 2009	$70.00	$70.01	Repayment Received