Matrida Paulo

Status: Paid Back

$450.00		Loan Request
$450.00		Paid Back

About the Entrepreneur

Name:	Matrida Paulo
Location:	Mwanza, Tanzania
Activity:	Milk Sales

About the Loan

Loan Amount:	$450.00
Loan Use:	To buy more cows
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Sep 19, 2008
Date Disbursed:	Oct 3, 2008
Date Funded:	Sep 19, 2008
Loan Ended:	Sep 15, 2009

About the Field Partner

Field Partner:

Sero Lease and Finance Ltd. (SELFINA)

Field Partner Risk Rating:

(Learn more)

Active

24 months

2234

$1,031,725

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:	1,155.6000 TZS = 1 USD

This is 42-year-old Matrida Paulo from Mwanza. She is widowed with three children between the ages of 18 and 22 years. Matrida has been raising cows and selling milk since 1995. She works at the business for eight hours per day, seven days per week, and she is assisted by one employee. Matrida currently earns about US$250 from her business. She is requesting a loan of US$450 to buy more cows. Matrida thanks you for her support!

SELFINA has taken a lead role as a pioneer of micro-credit in Tanzania through Micro-Leasing. The organization is engaged in the economic empowerment of women in Tanzania through the provision of a leasing and leaseback microfinance facility. Customs and traditions in Tanzania make it difficult for women to own land and assets, thus they are termed non-creditworthy by financial institutions. This leads to poor financial support and poor access to basic needs and services for women with low incomes. One of the primary advantages of micro leasing is that is allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.

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Top Lending Teams for this entrepreneur

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Journal entries for Matrida Paulo

Loan has been disbursed Entrepreneur: Matrida Paulo Location: Mwanza, Tanzania Thank you for your loan. It has been disbursed to Matrida Paulo 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 Mwanza, Tanzania Oct 3, 2008
Comment on this entry

POSTED ON KIVA Entrepreneur: Matrida Paulo Location: Mwanza, Tanzania Mambo (Greetings!) from Mwanza, Tanzania and from SELFINA! Thank you for your loan through Kiva to Matrida Paulo SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Matrida and the status of her business. As you know, your generosity helped Matrida obtain a loan of $450 in September 2008. She is running a poultry business and used the loan to purchase more cows She works hard at her business. Since she took out the loan, her business has been doing well and Matrida was able to pay bills, buy food for her family and to pay other expenses. In the future, she is planning to request another loan from SELFINA with which she planed to improve her business. On the personal front, her family is doing well. As you may remember, she is widowed and has three children. SELFINA aims to continue to assist Matrida and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Matrida 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 Theodory Sekule from Mwanza, Tanzania Aug 4, 2009
Comment on this entry

Repayment Schedule for Matrida Paulo

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	Expected Repayments	Actual Repayments	Comments
January 2009	$45.00	$45.00	Repayment Received
February 2009	$45.00	$45.00	Repayment Received
March 2009	$45.00	$45.00	Repayment Received
April 2009	$45.00	$45.00	Repayment Received
May 2009	$45.00	$45.00	Repayment Received
June 2009	$45.00	$45.00	Repayment Received
July 2009	$45.00	$45.00	Repayment Received
August 2009	$45.00	$45.00	Repayment Received
September 2009	$45.00	$45.00	Repayment Received
October 2009	$45.00	$45.00	Repayment Received