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Olesta
Mambo (Greetings!) from Tanzania! This is 33-year-old Olesta T. from Mbeya. She is married with four children between the ages of 8 and 16.

Olesta has been running a shop since 1994 selling common household and grocery items. She works at the business for 9-12 hours per day, seven days per week and currently earns about $150 a month.

Olesta is requesting a loan in order to purchase items in bulk for her business. In the future, she plans to open a new business. She 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.

About Tanzania

  • $1,900
    Average annual income
  • 40
    View loans »
    Tanzania Loans Fundraising
  • $14,779,225
    Funds lent in using Kiva
  • 1,335.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Olesta to purchase items in bulk for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
May 31, 2009
Listed
May 16, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 10, 2010