Farida Hamisi


Status: Paid Back

$950.00   Loan Request
$950.00   Paid Back

About the Entrepreneur

Name: Farida Hamisi
Location: Dar Es Salaam, Tanzania
Activity: Cosmetics Sales

About the Loan

Loan Amount: $950.00
Loan Use: Purchase of additional inventory for a cosmetics business
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 1, 2008
Date Disbursed: Nov 21, 2008
Date Funded:Dec 11, 2008
Loan Ended:Sep 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,274.9000 TZS = 1 USD



Farida Hamisi, 28 years old, lives in Dar es Salaam. She is single and has been running a cosmetics store selling beauty products since 1995. She works 12 hours a day, 7 days a week. Farida currently needs a loan of TSH 1,200,000 to be able to purchase additional cosmetics items for sale and thus expand her business. She is thankful to everyone for their support.

SELFINA has become a leading micro-credit supplier in Tanzania, providing loans 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 microleasing 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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Lenders to this entrepreneur

Terry
KivaFriends.org , St. Louis, MO
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Anonymous
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Mark
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Jack & Jane
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Lyna
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Alex Robertson
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David
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Elisabeth
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Top Lending Teams for this entrepreneur


Unbiased Assistance
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Journal entries for Farida Hamisi


Loan has been disbursed
 
Entrepreneur: Farida Hamisi
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to Farida Hamisi by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the next 8 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
Dec 12, 2008
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Farida Hamisi
 
Entrepreneur: Farida Hamisi
Location: Dar Es Salaam, Tanzania

Dear lenders,

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

As you know, your generosity helped Farida obtain a loan of $950 in Oct 2008. She is running a cosmetic sales business and used the loan to purchase additional inventory of cosmetics for her business.

She works hard at her business and no one is assisting her at her business. Since she took out the loan, her business has been doing well and Farida was able to pay bills, buy food 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 single and has no child. SELFINA aims to continue to assist Farida and other women like her, and empower them towards financial security and increased confidence through microloans. Thank you very much for supporting Farida! 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
Oct 26, 2009
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Kiva Help Repayment Schedule for Farida Hamisi

  Expected Repayments Actual Repayments Comments
February 2009 $105.56 $105.56 Repayment Received
March 2009 $105.56 $105.56 Repayment Received
April 2009 $105.56 $105.56 Repayment Received
May 2009 $105.56 $105.56 Repayment Received
June 2009 $105.56 $105.55 Repayment Received
July 2009 $105.56 $105.56 Repayment Received
August 2009 $105.56 $105.56 Repayment Received
September 2009 $105.56 $105.57 Repayment Received
October 2009 $105.52 $105.52 Repayment Received