Amina Abubakar

Status: Paid Back

$400.00		Loan Request
$400.00		Paid Back

About the Entrepreneur

Name:	Amina Abubakar
Location:	Mwanza, Tanzania
Activity:	Cosmetics Sales

About the Loan

Loan Amount:	$400.00
Loan Use:	To buy more cosmetics
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Oct 18, 2008
Date Disbursed:	Nov 1, 2008
Date Funded:	Oct 18, 2008
Loan Ended:	Oct 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:	1,255.5340 TZS = 1 USD

Mambo from Tanzania! Married with three children between the ages of 13 and 4, 33-year-old Amina Abubakar from Mwanza has been operating a cosmetics shop business since 2004. Amina currently earns about $300 per month working at the business 12 hours per day, six days per week, assisted by one employee. She is requesting a loan of $400 in order to buy more cosmetics, and in the future, she plans to increase her range and stock of products. Amina 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.

Lenders to this entrepreneur

Mike
Hirakata, Osaka
Japan

John
Shelter Island, NY
United States

Aaron & Sarah
Chicago, IL
United States

Patricia
La Crescenta, CA
United States

sameena & elias
Hurst, TX
United States

c-stuff.com
Keene, NH
United States

Katharine
New Haven, CT
United States

Top Lending Teams for this entrepreneur

Kiva Muslims
Religious Congregations
324 Members

Journal entries for Amina Abubakar

Loan has been disbursed Entrepreneur: Amina Abubakar Location: Mwanza, Tanzania Thank you for your loan. It has been disbursed to Amina Abubakar 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 Nov 2, 2008
Comment on this entry

POSTED ON KIVA Entrepreneur: Amina Abubakar Location: Mwanza, Tanzania Mambo (Greetings!) from Mwanza, Tanzania and from SELFINA! Thank you for your loan through Kiva to Amina Abubakar SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Amina and the status of her business. As you know, your generosity helped Amina obtain a loan of $400 in November 2008. She is running a cosmetics business and used the loan to purchase more cosmetics. She works hard at her business. Since she took out the loan, her business has been doing well and Amina was able to buy food for her family, pay electricity bills and to pay other expenses. In the future, she is planning to request another loan from SELFINA with which she planned 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 Amina and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Amina 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 Sep 15, 2009
Comment on this entry

Repayment Schedule for Amina Abubakar

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	Expected Repayments	Actual Repayments	Comments
February 2009	$40.00	$40.00	Repayment Received
March 2009	$40.00	$40.00	Repayment Received
April 2009	$40.00	$40.00	Repayment Received
May 2009	$40.00	$40.00	Repayment Received
June 2009	$40.00	$40.00	Repayment Received
July 2009	$40.00	$40.00	Repayment Received
August 2009	$40.00	$40.00	Repayment Received
September 2009	$40.00	$40.00	Repayment Received
October 2009	$40.00	$40.00	Repayment Received
November 2009	$40.00	$40.00	Repayment Received