Elizabeth Gwasa


Status: Paid Back

$425.00   Loan Request
$425.00   Paid Back

About the Entrepreneur

Name: Elizabeth Gwasa
Location: Mwanza, Tanzania
Activity: Food Market

About the Loan

Loan Amount: $425.00
Loan Use: To purchase maize in bulk
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 12, 2008
Date Disbursed: Nov 26, 2008
Date Funded:Nov 14, 2008
Loan Ended:Oct 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,240.0000 TZS = 1 USD



Mambo from Tanzania! This is 28-year-old Elizabeth Gwasa from Mwanza, a beautiful city on the shores of Lake Victoria. (Lake Victoria is famous not only for being one of the largest lakes in the world, but also because it feeds the Nile River, a very important source of life for Africa.)


Elizabeth is married and has one child who is 3 years old. She has been running a maize business since 2005. She works at the business for 9-12 hours per day and is assisted by her husband. Elizabeth currently earns about US$10 a month from her business. She is requesting a loan of $400 in order to purchase maize in bulk. Elizabeth thanks you for your support!


ABOUT SELFINA:
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, so 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 it allows clients to use their 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

Anonymous
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Stanislas
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Davidson Family
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Marco
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Anonymous
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wookie
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Margaret
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Carl
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Andrew
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Journal entries for Elizabeth Gwasa


Loan has been disbursed
 
Entrepreneur: Elizabeth Gwasa
Location: Mwanza, Tanzania

Thank you for your loan. It has been disbursed to Elizabeth Gwasa by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the next 9 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 26, 2008
Comment on this entry

POSTED ON KIVA
 
Entrepreneur: Elizabeth Gwasa
Location: Mwanza, Tanzania

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

As you know, your generosity helped Elizabeth obtain a loan of $425 in November 2008. She is running a maize business and used the loan to purchase maize in bulk. She works hard at her business. Since she took out the loan, her business has been doing well and Elizabeth 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 planned to improve her business. On the personal front, her family is doing well. As you may remember, she is married and has one child. SELFINA aims to continue to assist Elizabeth and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Elizabeth 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
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Kiva Help Repayment Schedule for Elizabeth Gwasa

  Expected Repayments Actual Repayments Comments
February 2009 $42.50 $42.50 Repayment Received
March 2009 $42.50 $42.50 Repayment Received
April 2009 $42.50 $42.50 Repayment Received
May 2009 $42.50 $42.50 Repayment Received
June 2009 $42.50 $42.50 Repayment Received
July 2009 $42.50 $42.50 Repayment Received
August 2009 $42.50 $42.50 Repayment Received
September 2009 $42.50 $42.50 Repayment Received
October 2009 $42.50 $42.50 Repayment Received
November 2009 $42.50 $42.50 Repayment Received