Tabitha Burugu
Status: Paying Back
| $425.00 | Loan Amount |
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About the Entrepreneur
| Name: | Tabitha Burugu |
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| Location: | Mwanza, Tanzania |
| Activity: | Cosmetics Sales |
About the Loan
| Loan Amount: | $425.00 |
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| Loan Use: | To buy more cosmetics 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
About the Field Partner
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| Field Partner: | Sero Lease and Finance Ltd. (SELFINA) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 24 months |
| Kiva Entrepreneurs: | 2221 |
| Total Loans: | $1,027,575 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Tanzania |
|---|---|
| Avg Annual Income: | $723.00 |
| Currency: | Tanzania Shillings (TZS) |
| Exchange Rate: | 1,240.0000 TZS = 1 USD |
Tabitha has been running a shop since 2005. This client’s business is selling cosmetics. She works at the business for twelve hours per day, six days per week. Tabitha currently earns about 150 USD a month from her business. She is requesting a loan of 425 USD in order to buy more cosmetics for resale. In the future, she plans to open a new shop selling clothes. Tabitha 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 micro-leasing 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 Tabitha Burugu
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Loan has been disbursed
Location: Mwanza, Tanzania
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Posted by
from Mwanza, Tanzania
Jan 15, 2009 |
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POSTED ON KIVA
Location: Mwanza, Tanzania
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Posted by
Theodory Sekule from Mwanza, Tanzania
Oct 26, 2009 |
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Repayment Schedule for Tabitha Burugu
Repayment Schedule for Tabitha Burugu
| Expected Repayments | Actual Repayments | Comments | |||
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| April 2009 | $42.50 | $42.50 |  Repayment Received
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| May 2009 | $42.50 | $42.50 | Repayment Received
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| June 2009 | $42.50 | $42.50 | Repayment Received
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| July 2009 | $42.50 | $42.50 | Repayment Received
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| August 2009 | $42.50 | $42.50 | Repayment Received
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| September 2009 | $42.50 | $42.50 | Repayment Received
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| October 2009 | $42.50 | $42.50 | Repayment Received
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| November 2009 | $42.50 | $42.50 | Repayment Received
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| December 2009 | $42.50 | $42.50 | Repayment Received
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| January 2010 | $42.50 | Available Jan 1 | |||
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