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Sophia
Mambo (greetings) from Tanzania! This is 37-year-old Sophia C. from Mbeya. She is married and has two children. One child is 11 years old, and the other child is 17 years old. In addition, she is responsible for supporting 20 dependants (they are orphans).



Ever since 1992, Sophia has been operating an agriculture (crop) business. In particular, she purchases and sells crops for a profit. She works at her business 9-12 hours per day and 6 days per week. At present, Sophia currently earns approximately $110 per month from her business operations. She is now requesting a loan in the amount of $775 to purchase crops in bulk for her business. In the future, she plans to expand her business to a new location. Sophia thanks you for your support!



ABOUT SELFINA:
SELFINA has been a pioneer of micro-credit in Tanzania through micro-leasing, which helps to achieve the economic and social emancipation of women in Tanzania. You see, customs and traditions in Tanzania normally make it difficult for women to own land and assets. Because they lack tangible assets that can serve as collateral, women in Tanzania are not considered credit-worthy by financial institutions. As a result, low income women in Tanzania typically receive poor financial support; further, such women only have limited access to basic needs and services. SELFINA engages in the economic empowerment of women in Tanzania when it buys and leases equipment to women through an arrangement called a sale and leaseback transaction. More specifically, when a client needs working capital, SELFINA buys equipment from said client, extends a loan to her to facilitate the transaction, and then leases the equipment back to her. 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

  • $1,700
    Average annual income
  • 31
    View loans »
    Tanzania Loans Fundraising
  • $14,365,675
    Funds lent in using Kiva
  • 1,319.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Sophia to expand and improve her business by purchasing additional crops in bulk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 30, 2009
Listed
Jul 11, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010