Haika Charles

Status: Paid Back

$475.00		Loan Request
$475.00		Paid Back

About the Entrepreneur

Name:	Haika Charles
Location:	Mbeya, Tanzania
Activity:	Mobile Phones

About the Loan

Loan Amount:	$475.00
Loan Use:	To increase stock of phone accessories and business range
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Feb 12, 2009
Date Disbursed:	Feb 28, 2009
Date Funded:	Feb 12, 2009
Loan Ended:	Aug 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:	1,319.9999 TZS = 1 USD

Mambo (Greetings) from Tanzania! This is 27-year-old Haika Charles from Mbeya. She is married with 3 children, between the ages of 3 and 9. Haika has been running a business selling phone accessories since 2005.

Despite being a ‘developing’ country (forgive the label, there remains no consensus on an acceptable definition), it is amazing how many people have mobile phones in Tanzania and in Africa in general. Not just professionals, but grandmas in villages, school kids, street sellers. It can probably be attributed to a number of factors, led by the fact that it is the only form of phone communication available to most people because there are few landlines, and followed closely by how relatively cheap mobile phones are here.

She works at the business for 12 hours per day, 7 days per week. Haika currently earns about $60 USD a month from her business. She is requesting a loan of $475 USD in order to increase stock of phone accessories. In the future, she plans to increase phone accessories and varieties of phones in her business. Haika 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 Haika Charles

Loan has been disbursed Entrepreneur: Haika Charles Location: Mbeya, Tanzania Thank you for your loan. It has been disbursed to HAIKA CHARLES by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the 5 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 Mbeya, Tanzania Feb 28, 2009
Comment on this entry

Posted on Kiva Entrepreneur: Haika Charles Location: Mbeya, Tanzania Mambo (Greetings!) from Mbeya, Tanzania and from SELFINA! Thank you for your loan through Kiva to Haika Charles, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Haika and the status of her business. As you know, your generosity helped Haika obtain a loan of $475 in February 2008. She is running a phone accessories sales and used the loan to increase stock of phone accessories. She works hard at her business for 12hours and she is assisted by her husband at her business. Since she took out the loan, her business has been doing well and Haika was able to pay for her children school fees, pay electricity and water bills and to buy better food for her family. In the future, she is planning to open a new location. Her family is doing well. As you may remember, she is married and has three children. Haika dreams about being able to send her children to University. SELFINA aims to continue to assist Haika and other women like her, and empower them towards financial security and increased confidence through microloans. Thank you very much for supporting Haika! To continue to support women like her and lend to SELFINA borrowers, please click here: ttp://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 zephania mahenge from Mbeya, Tanzania Aug 11, 2009
Comment on this entry

Repayment Schedule for Haika Charles

Show Advanced

	Expected Repayments	Actual Repayments	Comments
May 2009	$95.00	$95.00	Repayment Received
June 2009	$95.00	$94.99	Repayment Received
July 2009	$95.00	$95.00	Repayment Received
August 2009	$95.00	$95.00	Repayment Received
September 2009	$95.00	$95.01	Repayment Received