Sophia Msilanga
| $400 |
Loan Request
Disbursed
: Jul 15, 2009
Listed: Jul 1, 2009
Funded: Jul 6, 2009
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About the Field Partner
| Sero Lease and Finance Ltd. (SELFINA) administers this loan. Learn more | |||||||
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| Field Partner: | Sero Lease and Finance Ltd. (SELFINA) | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Active | ||||||
| Time on Kiva: | 26 months | ||||||
| Kiva Entrepreneurs: | 2510 | ||||||
| Total Loans: | $1,115,675 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
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| Delinquency Rate: | 0.00% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Tanzania |
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| Avg Annual Income: | $723 |
| Currency: | Tanzania Shillings (TZS) |
| Exchange Rate: | 1,300.0000 TZS = 1 USD |
About the Loan
| Location: | Mwanza, Tanzania | Repayment Term: | 13 months (more info) |
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| Activity: | Hardware | Repayment Schedule: | Monthly | |
| Loan Use: | To purchase more building construction materials. | Currency Exchange Loss: | Covered | |
| Default Protection: | Not Covered |
Sophia currently earns about 200 USD from her business. She is requesting a loan of 400 USD in order to purchase more building construction materials. In the future, she plans to expand her business. Sophia 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 Sophia Msilanga
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Loan has been disbursed
Location: Mwanza, Tanzania
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Posted by
from Mwanza, Tanzania
Jul 15, 2009 |
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Comment on this entry
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Repayment Schedule for Sophia Msilanga
Repayment Schedule for Sophia Msilanga
| Expected Repayments | Actual Repayments | Comments | |||
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| October 2009 | $36.36 | $36.36 |  Repayment Received
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| November 2009 | $36.36 | $36.36 | Repayment Received
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| December 2009 | $36.36 | $36.36 | Repayment Received
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| January 2010 | $36.36 | $36.36 | Repayment Received
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| February 2010 | $36.36 | $36.36 | Repayment Received
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| March 2010 | $36.36 | Available Mar 1 | |||
| April 2010 | $36.36 | Available Apr 1 | |||
| May 2010 | $36.36 | Available May 1 | |||
| June 2010 | $36.36 | Available Jun 1 | |||
| July 2010 | $36.36 | Available Jul 1 | |||
| August 2010 | $36.40 | Available Aug 1 | |||
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