Sophia T. Mwakapombe
Status: Paying Back
| $400.00 | Loan Amount |
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About the Entrepreneur
| Name: | Sophia T. Mwakapombe |
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| Location: | Mbeya, Tanzania |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $400.00 |
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| Loan Use: | To purchase more clothes in bulk for re-sale |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jan 16, 2009 |
| Date Disbursed: | Jan 30, 2009 |
| Date Funded: | Jan 16, 2009 |
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: | 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: | 1,300.0000 TZS = 1 USD |
Sophia has been running a clothing business since 2000. She purchases clothes wholesale and sells them on a retail basis.She works at the business for 9-12 hours per day, 7 days per week. Sophia currently earns about 300 USD a month from her business. She is requesting a loan of 400 USD in order to purchase more clothes in bulk. In the future, she plans to expand her business. Sophia 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.
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Journal entries for Sophia T. Mwakapombe
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Loan has been disbursed
Location: Mbeya, Tanzania
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Posted by
from Mbeya, Tanzania
Jan 30, 2009 |
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Comment on this entry
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Repayment Schedule for Sophia T. Mwakapombe
Repayment Schedule for Sophia T. Mwakapombe
| Expected Repayments | Actual Repayments | Comments | |||
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| April 2009 | $33.33 | $33.33 |  Repayment Received
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| May 2009 | $33.33 | $33.33 | Repayment Received
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| June 2009 | $33.33 | $33.33 | Repayment Received
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| July 2009 | $33.33 | $33.33 | Repayment Received
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| August 2009 | $33.33 | $33.33 | Repayment Received
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| September 2009 | $33.33 | $33.33 | Repayment Received
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| October 2009 | $33.33 | $33.33 | Repayment Received
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| November 2009 | $33.33 | $33.33 | Repayment Received
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| December 2009 | $33.33 | $33.33 | Repayment Received
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| January 2010 | $33.33 | Available Jan 1 | |||
| February 2010 | $33.33 | Available Feb 1 | |||
| March 2010 | $33.37 | Available Mar 1 | |||
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