Pendo Yusuph

Status: Paying Back

$325.00		Loan Amount

90% repaid

About the Entrepreneur

Name:	Pendo Yusuph
Location:	Mwanza, Tanzania
Activity:	Sewing

About the Loan

Loan Amount:	$325.00
Loan Use:	To purchase fabrics such as kanga and vitenge to make clothing
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jan 18, 2009
Date Disbursed:	Jan 30, 2009
Date Funded:	Jan 18, 2009

About the Field Partner

Field Partner:

Sero Lease and Finance Ltd. (SELFINA)

Field Partner Risk Rating:

(Learn more)

Active

24 months

2235

$1,032,425

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:	1,300.0000 TZS = 1 USD

Mambo from Tanzania! This is 20-year-old Pendo Yusuph from Mwanza. She is single. Pendo Yusuph has been running a tailoring business since 2007. This client’s business is to purchase vitambaa (fabric), vitenge (traditional African wax prints), and kanga (wraps bearing a Swahili proverb) and make them into clothing, mainly for women. She works at the business for 8 hours per day, 6 days per week.

Pendo Yusuph currently earns about US$ 200 from her business. She is requesting a loan of US$ 325 in order to purchase fabrics such as "kanga" and "vitenge". In the future, she plans to open another business. Pendo Yusuph 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

Christine
kitchener, Ontario
Canada

Dave
Bracknell, Berkshire
United Kingdom

Anonymous
North Arlington, NJ
United States

jean pierre
Allauch,
France

Rachel

Denise Wakeman
North Hollywood, CA
United States

William
Irvine, CA
United States

Joanne
Seven Hills, OH
United States

Top Lending Teams for this entrepreneur

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Journal entries for Pendo Yusuph

Loan has been disbursed Entrepreneur: Pendo Yusuph Location: Mwanza, Tanzania Thank you for your loan. It has been disbursed to Pendo Yusuph 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 30, 2009
Comments (1)

POSTED ON KIVA Entrepreneur: Pendo Yusuph Location: Mwanza, Tanzania Mambo (Greetings!) from Mwanza, Tanzania and from SELFINA! Thank you for your loan through Kiva to Pendo Yusuph, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Pendo and the status of her business. As you know, your generosity helped Pendo obtain a loan of $325USD in January 2009 She is running a tailoring business and used the loan to purchase more materials and make them to cloths. She works hard at her business. Since she took out the loan, her business has been doing well and Pendo was able to pay bills, buy food for her family and meet other expenses. On the personal front, her family is doing well. As you may remember, she is single. SELFINA aims to continue to assist Pendo and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Pendo! 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 Nov 12, 2009
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Repayment Schedule for Pendo Yusuph

Show Advanced

	Expected Repayments	Actual Repayments	Comments
April 2009	$32.50	$32.50	Repayment Received
May 2009	$32.50	$32.50	Repayment Received
June 2009	$32.50	$32.49	Repayment Received
July 2009	$32.50	$32.50	Repayment Received
August 2009	$32.50	$32.50	Repayment Received
September 2009	$32.50	$32.51	Repayment Received
October 2009	$32.50	$32.50	Repayment Received
November 2009	$32.50	$32.50	Repayment Received
December 2009	$32.50	$32.50	Repayment Received
January 2010	$32.50	Available Jan 1