Ashura Mwanaupanga


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Entrepreneur

Name: Ashura Mwanaupanga
Location: Mwanza, Tanzania
Activity: Restaurant

About the Loan

Loan Amount: $625.00
Loan Use: To buy rice, beans, cooking oil, sugar, wheat flour and maize flour
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 22, 2009
Date Disbursed: Apr 18, 2009
Date Funded:Mar 22, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,300.0000 TZS = 1 USD



Mambo (Greetings!) from Tanzania! This is Forty-nine year old Ashura Mwanaupanga from Mwanza. She is married, with four children between the ages of twenty two and twenty eight. Ashura has been running a restaurant and soft drinks business since 2006. The business sells food and soft drinks like Coca Cola, Pepsi, and water. She works at the business for sixteen hours per day, six days per week and is assisted by his husband. Ashura currently earns about 370 USD a month from her business. She is requesting a loan of 625 USD in order to buy rice, beans, cooking oil, sugar, wheat flour and maize flour. In the future, she plans to start a new business. Ashura thanks you for her 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 Ashura Mwanaupanga


Loan has been disbursed
 
Entrepreneur: Ashura Mwanaupanga
Location: Mwanza, Tanzania

Thank you for your loan. It has been disbursed to Ashura Mwanaupanga 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
Apr 18, 2009
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POSTED ON KIVA
 
Entrepreneur: Ashura Mwanaupanga
Location: Mwanza, Tanzania

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

As you know, your generosity helped Ashura obtain a loan of $625 in March 2009 She is running a restaurant business and used the loan to purchase rice, beans, cooking oil, sugar, wheat flour and maize. She works hard at her business. Since she took out the loan, her business has been doing well and Ashura 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 expand her business. On the personal front, her family is doing well. As you may remember, she is married and has four children. SELFINA aims to continue to assist Ashura and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Ashura 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 Ashura Mwanaupanga

  Expected Repayments Actual Repayments Comments
July 2009 $125.00 $125.00 Repayment Received
August 2009 $125.00 $125.00 Repayment Received
September 2009 $125.00 $125.00 Repayment Received
October 2009 $125.00 $125.00 Repayment Received
November 2009 $125.00 $125.00 Repayment Received