Praxeda Mkandara


Status: Paid Back

$875.00   Loan Request
$875.00   Paid Back

About the Entrepreneur

Name: Praxeda Mkandara
Location: Dar Es Salaam, Tanzania
Activity: Food Production/Sales

About the Loan

Loan Amount: $875.00
Loan Use: To purchase additional wheat flour, cooking, and other raw material for making sandwiches.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 20, 2008
Date Disbursed: Oct 4, 2008
Date Funded:Sep 20, 2008
Loan Ended:Sep 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,155.6000 TZS = 1 USD



Mambo from Tanzania!



This is 42-year-old Praxeda Mkandara from Dar es Salaam. She is married with 3 children, between the ages of 9 and 16. Praxeda has been running a snacks business since 2003. She prepares snacks such as chapati and sells them to people around her area.. She works at the business for 5 hours per day, 6 days per week and she is assisted by two employees. Praxeda R Mkandalara currently earns about $200 from her business. She is requesting a loan of $875 in order to buy wheat flower, cooking oil and other raw material for making snacks. In the future, she plans to renovate her business building and to establish a new business.



Praxeda thanks you for your 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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Journal entries for Praxeda Mkandara


Loan has been disbursed
 
Entrepreneur: Praxeda Mkandara
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to Praxeda Mkandara 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
Oct 5, 2008
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Praxeda Mkandara
 
Entrepreneur: Praxeda Mkandara
Location: Dar Es Salaam, Tanzania

Dear lenders,

Mambo (Greetings!) from sar es salaam, Tanzania and from SELFINA! Thank you for your loan through Kiva to Praxeda Mkandara, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Praxeda and the status of her business.

As you know, your generosity helped Praxeda obtain a loan of $875 in Oct 2008. She is running a food production sales business where she produces snacks and sells them and used the loan to purchase additional raw materials.

She works hard at her business and she is assisted by two employees. Since she took out the loan, her business has been doing well and Praxeda was able to pay bills, buy food for her family and meet other expenses.

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 three children. SELFINA aims to continue to assist Praxeda and other women like her, and empower them towards financial security and increased confidence through microloans. Thank you very much for supporting Praxeda! 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
Jul 31, 2009
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Kiva Help Repayment Schedule for Praxeda Mkandara

  Expected Repayments Actual Repayments Comments
January 2009 $87.50 $87.50 Repayment Received
February 2009 $87.50 $87.50 Repayment Received
March 2009 $87.50 $87.50 Repayment Received
April 2009 $87.50 $87.50 Repayment Received
May 2009 $87.50 $87.50 Repayment Received
June 2009 $87.50 $87.49 Repayment Received
July 2009 $87.50 $87.50 Repayment Received
August 2009 $87.50 $87.50 Repayment Received
September 2009 $87.50 $87.51 Repayment Received
October 2009 $87.50 $87.50 Repayment Received