Starehe Sebdand

Status: Paid Back

$350
Loan Request
Disbursed : Feb 17, 2008
Listed: Feb 3, 2008
Funded: Feb 3, 2008
$350
Paid Back
Ended: Mar 16, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,163.0000 TZS = 1 USD


About the Loan

Location: Mwanza, Tanzania   Repayment Term: 14 months
(more info)
Activity: Clothing Sales   Repayment Schedule: Monthly
Loan Use: To expand her range of clothing.   Currency Exchange Loss: Covered
      Default Protection: Covered
Mambo from Mwanza, Tanzania! This is 37-year-old Starehe Sebdand. She is married with four children, ages 4, 6, 10, and 13. In 2007 Starehe established a clothing business and now requires a loan of $350 in order to expand her range of clothing. She thanks you for your support.

About SELFINA

SELFINA is engaged in economic empowerment of women in Tanzania through leasing and leaseback as a practical way to achieve the economic and social emancipation of women. SELFINA has taken a leading role as a pioneer of micro-credit in Tanzania through Micro-Leasing. Customs and traditions in Tanzania normally make it difficult for women to own land and assets, thus they are termed non-creditworthy by financial institutions as they lack tangible collateral assets. This leads to poor financial support, hence poor access to basic needs and services for women with low incomes. SELFINA buys and leases equipment to women. Where a client needs working capital SELFINA buys equipment from said client, extending a loan to her, then leasing back the same equipment—a process called a sale and leaseback arrangement.


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Lenders to this entrepreneur

Anne
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Hope
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Kristin
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george
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MuseAndThinker
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Tracy & Josh
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Journal entries for Starehe Sebdand


Loan has been disbursed
 
Entrepreneur: Starehe Sebdand
Location: Mwanza, Tanzania

Thank you for your loan. It has been disbursed to Starehe Sebdand by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the next 12 months, 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
Feb 18, 2008
Comments (2)

UPDATE ON KIVA LOAN
 
Entrepreneur: Starehe Sebdand
Location: Mwanza, Tanzania

Dear lenders,

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

As you know, your generosity helped Starehe obtain a loan of $350 in February 2008. When she requested the loan, Starehe was running a clothes business. And used the loan to purchase clothes. She works at her business for 3 hours per day, 2times per moth days per week. Since she took out the loan, her business has been doing badly and Starehe’s monthly profits have increased from about $30 to approximately $50. She has used these extra profits to successfully repay her loan as well as to pay electricity and water bills and to buy more/better food for her family.

In the future, she is planning to request a loan of $1000 from SELFINA with which she plans to open pharmacy because her husband is a pharmacist. On the personal front, her family is doing well. She is married and has 4 children. SELFINA aims to continue to assist Starehe and other women like her, and empower them towards financial security and increased confidence through micro loans. Thank you very much for supporting Starehe! 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 peter mwabeza from Mwanza, Tanzania
Jan 30, 2009
Comment on this entry

Kiva Help Repayment Schedule for Starehe Sebdand

  Expected Repayments Actual Repayments Comments
May 2008 $29.17 $30.00 Repayment Received
June 2008 $29.17 $30.00 Repayment Received
July 2008 $29.17 $30.00 Repayment Received
August 2008 $29.17 $30.00 Repayment Received
September 2008 $29.17 $30.00 Repayment Received
October 2008 $29.17 $30.00 Repayment Received
November 2008 $29.17 $30.00 Repayment Received
December 2008 $29.17 $30.00 Repayment Received
January 2009 $29.17 $22.50 Repayment Received
February 2009 $29.17 $29.17 Repayment Received
March 2009 $29.17 $29.17 Repayment Received
April 2009 $29.13 $29.16 Repayment Received