Chausiku D. Mwenda
Status: Paid Back
| $250.00 | Loan Request | |
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| $250.00 | Paid Back |
About the Entrepreneur
| Name: | Chausiku D. Mwenda |
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| Location: | Kyela, Tanzania |
| Activity: | Restaurant |
About the Loan
| Loan Amount: | $250.00 |
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| Loan Use: | To purchase additional stock of maize flour, rice, beans, and cooking oil |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Dec 12, 2008 |
| Date Disbursed: | Dec 30, 2008 |
| Date Funded: | Dec 12, 2008 |
| Loan Ended: | Jul 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Sero Lease and Finance Ltd. (SELFINA) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 24 months |
| Kiva Entrepreneurs: | 2234 |
| Total Loans: | $1,031,725 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Tanzania |
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| Avg Annual Income: | $723.00 |
| Currency: | Tanzania Shillings (TZS) |
| Exchange Rate: | 1,240.0000 TZS = 1 USD |
When you see a SELFINA entrepreneur whose business title is 'restaurant' or 'café', you may have to adjust your mental image of what that is. A local restaurant or café in Tanzania usually consists of a rough wooden table and some long, wooden benches, with the sky as a ceiling. Such places don’t even appear in the Lonely Planet’s budget guide, but if you’re looking for a cheap and tasty meal, and someone to have a chat with, this is the place to be. The food is all-local: rice, ugali (a hot sticky dough, made from maize flour), plantain (a cooked savoury banana), all served with beans, vegetables, meat, and a variety of yummy sauces.
She works at the business for 9-21 hours per day, 7 days per week. Chausiku currently earns about $170 USD a month from her business. She is requesting a loan of $250 USD in order to purchase additional stock of maize flour, rice, beans, and cooking oil. In the future, she plans to establish another business and to employ more workers. Chausiku 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, 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 it 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 Chausiku D. Mwenda
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Loan has been disbursed
Location: Kyela, Tanzania
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Posted by
from Kyela, Tanzania
Dec 30, 2008 |
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Posted on Kiva
Location: Kyela, Tanzania
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Posted by
zephania mahenge from Kyela, Tanzania
Jun 18, 2009 |
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Repayment Schedule for Chausiku D. Mwenda
Repayment Schedule for Chausiku D. Mwenda
| Expected Repayments | Actual Repayments | Comments | |||
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| March 2009 | $41.67 | $41.67 |  Repayment Received
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| April 2009 | $41.67 | $41.67 | Repayment Received
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| May 2009 | $41.67 | $41.67 | Repayment Received
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| June 2009 | $41.67 | $41.66 | Repayment Received
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| July 2009 | $41.67 | $41.67 | Repayment Received
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| August 2009 | $41.65 | $41.66 | Repayment Received
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