Anna N. Richard


Status: Paid Back

$400.00   Loan Request
$400.00   Paid Back

About the Entrepreneur

Name: Anna N. Richard
Location: Mbeya, Tanzania
Activity: Clothing Sales

About the Loan

Loan Amount: $400.00
Loan Use: To purchase clothes for resale
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 15, 2009
Date Disbursed: Mar 30, 2009
Date Funded:Mar 15, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,289.0000 TZS = 1 USD



Mambo (Greetings!) from Tanzania! This is 25-year-old Anna Richard from Tukuyu. She is married with one child, three years old. Anna has run a clothes selling business since 2002. Her business is to purchase clothes wholesale and sell them retail.

She works at the business for 9-12 hours each day, 6 days per week. Anna currently earns about 100 USD a month from her business. She is requesting a loan of 400 USD to purchase more clothes in bulk for her business. In the future, she plans to increase the variety of products in her business. Anna 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 is 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 Anna N. Richard


Loan has been disbursed
 
Entrepreneur: Anna N. Richard
Location: Mbeya, Tanzania

Thank you for your loan. It has been disbursed to Anna N. Richard by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the 6 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
Mar 30, 2009
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Kiva Help Repayment Schedule for Anna N. Richard

  Expected Repayments Actual Repayments Comments
June 2009 $66.67 $66.66 Repayment Received
July 2009 $66.67 $66.67 Repayment Received
August 2009 $66.67 $66.67 Repayment Received
September 2009 $66.67 $66.68 Repayment Received
October 2009 $66.67 $66.67 Repayment Received
November 2009 $66.65 $66.65 Repayment Received