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Beatrice
Mambo from Tanzania! This is 41-year-old Beatrice S. from Mwanza. Beatrice has been running a shop selling soaps, maize flour and sugar since 1998. She works at the business for 12 hours per day, 6 days per week and is assisted by one employee. Beatrice is married with one child, age one years old. In addition, she is responsible for supporting one dependant whose parents do not take care of him.


Beatrice currently earns about $160 US from her business. She is requesting a loan of $400 US in order to purchase rice, beans and maize flour. In the future, she plans to expand her business. Beatrice 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 deemed non-creditworthy by financial institutions. This leads to poor financial support and poor coverage of basic needs and services for women with low incomes. One of the primary advantages of micro-leasing is that it allows clients to use equipment as collateral for loans with SELFINA, thus enabling them to borrow larger sums.

About Tanzania

  • $1,900
    Average annual income
  • 38
    View loans »
    Tanzania Loans Fundraising
  • $14,804,600
    Funds lent in using Kiva
  • 1,315.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Beatrice to purchase rice, beans and maize flour.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 29, 2009
Listed
Jun 15, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 10, 2010