Cleopatra Swai


Status: Paid Back

$400.00   Loan Request
$400.00   Paid Back

About the Entrepreneur

Name: Cleopatra Swai
Location: Mwanza, Tanzania
Activity: Clothing Sales

About the Loan

Loan Amount: $400.00
Loan Use: To purchase shoes, shirts, trousers and suits for women
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 15, 2009
Date Disbursed: Feb 25, 2009
Date Funded:Feb 16, 2009
Loan Ended:Aug 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,313.6000 TZS = 1 USD



Mambo from Tanzania! This is 35-year-old Cleopatra Swai from Mwanza. She is married and has been running a shop business since 2006. Her business is sell clothes. She works at the business for 16 hours per day, 6 days per week and is assisted by one employee. Cleopatra currently earns about 150 USD from her business. She is requesting a loan of 400 USD in order to purchase shoes, shirts, trousers and suits for women. In the future, she plans to expand her business. Cleopatra thanks you for your support!


SELFINA has taken a lead role as a pioneer of micro-credit through micro-leasing in Tanzania. The organization is engaged in the economic empowerment of women and uses 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 deemed non-creditworthy by financial institutions. This leads to 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, enabling them to borrow larger sums in the future.


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Lenders to this entrepreneur

Dan
Kempner, Texas
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Vicki
Vancouver, British Columbia
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Wendy
Charlottesville, VA
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Astrid
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Howard & Jillian
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M.Dhaul
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Michael
Los Angeles, CA
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Steven
Cheltenham, Gloucestershire
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Heather
Boise, ID
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Brett & Wendy
NEWBOROUGH, Victoria
Australia

Ex-Pat Canadian Family
Karmiel, Galilee
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Bema
Europe,
Germany

Craig
Auckland, AUCKLAND
New Zealand



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Journal entries for Cleopatra Swai


Loan has been disbursed
 
Entrepreneur: Cleopatra Swai
Location: Mwanza, Tanzania

Thank you for your loan. It has been disbursed to Cleopatra Swai 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 25, 2009
Comment on this entry

POSTED ON KIVA
 
Entrepreneur: Cleopatra Swai
Location: Mwanza, Tanzania

Mambo (Greetings!) from Mwanza, Tanzania and from SELFINA! Thank you for your loan through Kiva to Cleopatra Swai a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Cleopatra and the status of her business.

As you know, your generosity helped Cleopatra obtain a loan of $400 in February 2009. She is running a shop business and used the loan to purchase shoes, shirts, trousers and suits for women.

She works hard at her business. Since she took out the loan, her business has been doing well and Cleopatra was able to pay bills, buy food for her family and to pay other expenses.

In the future, she is planning to request another loan from SELFINA with which she planed to improve her business. On the personal front, her family is doing well. As you may remember, she is married. SELFINA aims to continue to assist Cleopatra and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Cleopatra 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
Aug 4, 2009
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Kiva Help Repayment Schedule for Cleopatra Swai

  Expected Repayments Actual Repayments Comments
May 2009 $80.00 $80.00 Repayment Received
June 2009 $80.00 $80.00 Repayment Received
July 2009 $80.00 $80.00 Repayment Received
August 2009 $80.00 $80.00 Repayment Received
September 2009 $80.00 $80.00 Repayment Received