Mwatanu Gwiliye


Status: Paying Back

$400.00   Loan Amount
60% repaid

About the Entrepreneur

Name: Mwatanu Gwiliye
Location: Mwanza, Tanzania
Activity: Beauty Salon

About the Loan

Loan Amount: $400.00
Loan Use: to buy woven and long hair plus women's clothing and shoes
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 1, 2009
Date Disbursed: Apr 18, 2009
Date Funded:Apr 3, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,305.0000 TZS = 1 USD



Mambo from Tanzania! This is 33-year-old Mwatanu Gwiliye from Mwanza. She is married with five children between the ages of six and fourteen years old. Mwatanu has been running a beauty salon since 2008. At her shop you can buy long hair, short hair, curly hair, straight hair, red hair, or blue hair, and then have it attached to your head, woven, cut or braided, and made to look like your own. She works at her business for twelve hours a day, seven days a week and is assisted by two employees. Mwatanu currently earns about $300 a month from her business. She is requesting a loan of $400 to purchase woven and long hair, as well as women's shoes and clothing. In the future, she plans to expand her business. Mwatanu thanks you for supporting her!

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, so 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, which enables them to borrow larger sums in the future.


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Journal entries for Mwatanu Gwiliye


Loan has been disbursed
 
Entrepreneur: Mwatanu Gwiliye
Location: Mwanza, Tanzania

Thank you for your loan. It has been disbursed to Mwatanu Gwiliye 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
Apr 18, 2009
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Kiva Help Repayment Schedule for Mwatanu Gwiliye

  Expected Repayments Actual Repayments Comments
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  
February 2010 $40.00 Available Feb 1  
March 2010 $40.00 Available Mar 1  
April 2010 $40.00 Available Apr 1