Scolastica B. Mwakipesile

Thank you for your loan. It has been disbursed to Scolastica B. Mwakipesile 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.

Dear lenders,

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

As you know, your generosity helped Scolatica obtain a loan of $800 in November 2008. She is running a cereals business and used the loan to purchase crops in bulk.

She works at her business for 12 hours per day, 6 days per week. Since she took out the loan, her business has been doing well and Scolatica’s monthly profits have increased from about $150 to approximately $190. She has used these extra profits to repay her loan, pay house rent, water and electricity bills.

In the future, she is planning to request a loan of $1000 from SELFINA with which she plans to buy more crops in bulk. On the personal front, her family is doing well. She is married and has one child. Scolatica dreams about being able to enter plans for family here. SELFINA aims to continue to assist Scolatica and other women like her, and empower them towards financial security and increased confidence through microloans. Thank you very much for supporting Scolatica! 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