Mariam William

Status: Paying Back

$400.00		Loan Amount

90% repaid

About the Entrepreneur

Name:	Mariam William
Location:	Mwanza, Tanzania
Activity:	Poultry

About the Loan

Loan Amount:	$400.00
Loan Use:	To buy 200 chicks
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

2196

$1,021,325

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:	1,312.5000 TZS = 1 USD

Mambo from Tanzania! This is 30-year-old Mariam William from Mwanza. She is married with two children, 7 and 11 years old. Mariam has been running a poultry ("kuku") business. Raising "kuku" is a popular micro-business in Tanzania, especially amongst our borrowers. Kuku means chickens in Swahili, and raising them for sale is popular for a number of reasons. Firstly, they require little start-up capital. You can start with one or two and either add to them as you go, or wait for them to multiply naturally! Secondly, they require little space, so sometimes you can just let them run around in your garden or compound. Thirdly, while they are growing they produce eggs, which can either be sold to provide a supplementary source of income, or eaten to provide a supplementary source of protein.

Mariam has been in this business since 2000 and her business is doing well. She works at the business for 12 hours per day, 7 days per week, and is assisted by one employee. Mariam William currently earns about US$ 250 a month from her business. She is requesting a loan of US$ 400 in order to continue with her poultry business. Mariam 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.

Lenders to this entrepreneur

Tijs
Den Haag, ZH
Netherlands

Chloe

Anonymous
noordwijk,
Netherlands

John
Bellevue, WA
United States

Birte
Silkeborg, Denmark
Denmark

Al
Hampton, NH
United States

Lee & Bernie
Coventry, RI
United States

Chris
Montreal, Quebec
Canada

Aalap
Seattle, WA
United States

The Redwoods Group
Morrisville, NC
United States

Anonymous
Hannover,
Germany

Torie
Paris,
France

Top Lending Teams for this entrepreneur

Atheists, Agnostics, Skeptics, Freethinkers, Secular Humanists and the Non-Religious
Common Interest
7012 Members

Multifaith Group – One God, For Faith & Love
Religious Congregations
9 Members

The Redwoods Group
Businesses
7 Members

Netherlands
Local Area
634 Members

Johnson Edwards
Families
2 Members

Journal entries for Mariam William

Loan has been disbursed Entrepreneur: Mariam William Location: Mwanza, Tanzania Thank you for your loan. It has been disbursed to Mariam William 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
Comment on this entry

POSTED ON KIVA Entrepreneur: Mariam William Location: Mwanza, Tanzania Mambo (Greetings!) from Mwanza, Tanzania and from SELFINA! Thank you for your loan through Kiva to Mariam William, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Mariam and the status of her business. As you know, your generosity helped Mariam obtain a loan of $400USD in January 2009 She is running a poultry business and used the loan to continue with her poultry business. She works hard at her business and she is assisted by one employee at her business. Since she took out the loan, her business has been doing well and Mariam 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 married and has two children. SELFINA aims to continue to assist Mariam and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Mariam! 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
Comment on this entry

Repayment Schedule for Mariam William

Show Advanced

	Expected Repayments	Actual Repayments	Comments
May 2009	$80.00	$80.00	Repayment Received
June 2009	$40.00	$40.00	Repayment Received
July 2009	$40.00	$40.00	Repayment Received
August 2009	$40.00	$40.00	Repayment Received
September 2009	$40.00	$40.00	Repayment Received
October 2009	$40.00	$40.00	Repayment Received
November 2009	$40.00	$40.00	Repayment Received
December 2009	$40.00	$40.00	Repayment Received
January 2010	$40.00	Available Jan 1