Martha Mayala

Status: Paying Back

$425.00		Loan Amount

90% repaid

About the Entrepreneur

Name:	Martha Mayala
Location:	Mwanza, Tanzania
Activity:	General Store

About the Loan

Loan Amount:	$425.00
Loan Use:	To buy more stock of beer for resale.
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Dec 17, 2008
Date Disbursed:	Jan 15, 2009
Date Funded:	Dec 17, 2008

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:	1,240.0000 TZS = 1 USD

Mambo (Greetings!) from Tanzania! This is fifty-nine year old Martha Mayala from Mwanza. She is widowed with four children, between the ages of twenty and thirty. Additionally, she is responsible for supporting two dependants who are orphans.

Martha has been running a shop selling different commodities since 2005. This client’s business is in selling maize flour, Kilimanjaro beer, Konyagi beer, cooking oil, wheat flour, margarine, soaps, and sugar. She works at the business for twelve hours per day, six days per week. Martha currently earns about 200 USD a month from her business. She is requesting a loan of 425 USD in order to buy more stock of beer for resale. In the future, she plans to increase the range and amount of stock. Martha thanks you for her 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.

Lenders to this entrepreneur

Boyan
Plovdiv,
Bulgaria

Anne
Pully,
Switzerland

Hillary and TJ
Jersey City, NJ
United States

Laurence
Antibes,
France

Anonymous

Pirkko
Joensuu, Finland
Finland

Caren
New York, NY
United States

Anonymous
North York, Ontario
Canada

Manjit
Toronto, Ontario
Canada

Rui
Carregado,
Portugal

Margret
Reykjavik, Iceland
Iceland

Anonymous
Kensington, MD
United States

Michael
Frauenfeld,
Switzerland

J, B, P, O & H
Bethesda, MD
United States

Mark
Jamaica Plain, MA
United States

Tessy
Portland, ME
United States

Anonymous
Kalamazoo, MI
United States

Top Lending Teams for this entrepreneur

Animal Lovers
Common Interest
519 Members

Kiva Team - Bulgaria
Local Area
22 Members

Team CANADA
Local Area
630 Members

Journal entries for Martha Mayala

Loan has been disbursed Entrepreneur: Martha Mayala Location: Mwanza, Tanzania Thank you for your loan. It has been disbursed to Martha Mayala by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the 9 months of this loan, 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 Jan 15, 2009
Comment on this entry

POSTED ON KIVA Entrepreneur: Martha Mayala Location: Mwanza, Tanzania Mambo (Greetings!) from Mwanza, Tanzania and from SELFINA! Thank you for your loan through Kiva to Martha Mayala a SELFINA client and Martha micro-entrepreneur. The purpose of this journal is to update you on Martha and the status of her business. As you know, your generosity helped Martha obtain a loan of $425USD in December 2008 She is running a shop business and used the loan to buy more stock of beer and re-sale them to customer’s. She works hard at her business and she is assisted by her children at her business. Since she took out the loan, her business has been doing well and Martha was able to pay bills, pay children school fee and meet other expenses. In the future, she is planning to add more stocks on the personal front, her family is doing well. As you may remember, she is widowed and has four children. SELFINA aims to continue to assist Martha and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Martha! 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 Oct 26, 2009
Comment on this entry

Repayment Schedule for Martha Mayala

Show Advanced

	Expected Repayments	Actual Repayments	Comments
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
December 2009	$42.50	$42.50	Repayment Received
January 2010	$42.50	Available Jan 1