Liku Madaki

Status: Paid Back

$375.00		Loan Request
$375.00		Paid Back

About the Entrepreneur

Name:	Liku Madaki
Location:	Mwanza, Tanzania
Activity:	Poultry

About the Loan

Loan Amount:	$375.00
Loan Use:	To continue with her poultry business
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Feb 1, 2009
Date Disbursed:	Jan 29, 2009
Date Funded:	Feb 1, 2009
Loan Ended:	Jul 15, 2009

About the Field Partner

Field Partner:

Sero Lease and Finance Ltd. (SELFINA)

Field Partner Risk Rating:

(Learn more)

Active

24 months

2221

$1,027,575

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:	1,345.0000 TZS = 1 USD

Mambo from Tanzania! Liku Madaki is 31 years old and she is from Mwanza. She is single. She is responsible for supporting one dependant whose parents cannot care for her.

Liku has been running a poultry (kuku) business. Raising kuku is a popular micro-business in Tanzania, especially amongst SELFINA clients. (Kuku means chicken in Swahili.) Raising chickens to sell is popular for a number of reasons. First, it requires little start-up capital. You can start with one or two chickens and either add to them as you go, or wait for them to multiply naturally! Second, the chickens require little space, so you can let them run around in your garden or compound. Third, while the chickens grow, they produce eggs, which can either be sold to provide a supplementary source of income, or eaten. Liku has been in business since 2006 and her business has been doing well.

She works at her business for 4 hours per day, 7 days per week. She is assisted by two employees. Liku currently earns about $300 USD from her business per month. She is requesting a loan of $400 USD in order to continue with her poultry business. In the future, she plans to expand her business. Liku Madaki 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 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

Lenders to this entrepreneur

Joey
Los Angeles, CA
United States

Howard & Jillian
Vence,
France

Monika
Stockholm, Sweden
Sweden

Eivind
Lillestrøm, Akershus
Norway

Michael
Seacliff Park, South Australia
Australia

Wolfgang
KivaFriends.org, Berlin
Germany

Michel
Brest, Bretagne
France

Ralph
Washington, DC
United States

CherylS
kivafriends.org, Littleton, NC
United States

Mark
Clifton Hill, Victoria
Australia

Jeffrey
Shanghai, Shanghai
China

Jerome
Augusta, GA
United States

Georg
Karlstad,
Sweden

Megan
Sioux Falls, SD
United States

Top Lending Teams for this entrepreneur

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Let's Lend $40,000
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Journal entries for Liku Madaki

Loan has been disbursed Entrepreneur: Liku Madaki Location: Mwanza, Tanzania Thank you for your loan. It has been disbursed to Liku Madaki by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the 4 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 Feb 2, 2009
Comment on this entry

POSTED ON KIVA Entrepreneur: Liku Madaki Location: Mwanza, Tanzania Mambo (Greetings!) from Mwanza, Tanzania and from SELFINA! Thank you for your loan through Kiva to Liku Madaki, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Liku and the status of her business. As you know, your generosity helped Liku obtain a loan of $375USD in January 2009. When she requested the loan, Liku was running a poultry business. And used the loan to purchase m ore chickens. She works at her business for 4 hours per day, 7 days per week. She is assisted by at her business. Since she took out the loan, her business has been doing and Liku’s monthly profits have increased from about $200USD to approximately $300USD. She has used these extra profits to successfully repay her loan as well as to increase sales and profit from her business, to pay school fees children and to buy more/better food for her family. In the future, she is planning to request a loan of $2000 from SELFINA with which she plans to start new business. On the personal front, her family is doing well. She is single and has one child. Liku dreams about to be able to send her child to university. SELFINA aims to continue to assist Liku and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Liku! 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 May 13, 2009
Comments (2)

Repayment Schedule for Liku Madaki

Show Advanced

	Expected Repayments	Actual Repayments	Comments
April 2009	$75.00	$75.00	Repayment Received
May 2009	$75.00	$75.00	Repayment Received
June 2009	$75.00	$75.00	Repayment Received
July 2009	$75.00	$75.00	Repayment Received
August 2009	$75.00	$75.00	Repayment Received