Frolence A. Amon


Status: Paying Back

$1,175.00   Loan Amount
58% repaid

About the Entrepreneur

Name: Frolence A. Amon
Location: Mbeya, Tanzania
Activity: Grocery Store

About the Loan

Loan Amount: $1,175.00
Loan Use: To purchase more drinks like, beer, whisky, and soft drinks for her business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 15, 2009
Date Disbursed: Mar 30, 2009
Date Funded:Mar 16, 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 38-year-old Frolence Amon from Tukuyu. She is married and has two children aged 10 and 18. Frolence has been running a grocery business since 2005. She buys drinks wholesale and sells them retail.

She works at the business for 9-12 hours per day, 7 days per week. Frolence currently earns about $150 USD each month from her business. She is requesting a loan to buy more drinks like beer, whisky, and soft drinks for her business. In the future, she plans to increase the varieties of drinks in her grocery shop. Frolence 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 Frolence A. Amon


Loan has been disbursed
 
Entrepreneur: Frolence A. Amon
Location: Mbeya, Tanzania

Thank you for your loan. It has been disbursed to FROLENCE A. AMON by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the 11 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
Comments (1)

Kiva Help Repayment Schedule for Frolence A. Amon

  Expected Repayments Actual Repayments Comments
June 2009 $97.92 $97.91 Repayment Received
July 2009 $97.92 $97.92 Repayment Received
August 2009 $97.92 $97.92 Repayment Received
September 2009 $97.92 $97.93 Repayment Received
October 2009 $97.92 $97.92 Repayment Received
November 2009 $97.92 $97.92 Repayment Received
December 2009 $97.92 $97.92 Repayment Received
January 2010 $97.92 Available Jan 1  
February 2010 $97.92 Available Feb 1  
March 2010 $97.92 Available Mar 1  
April 2010 $97.92 Available Apr 1  
May 2010 $97.88 Available May 1