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Appia
Mambo from Dar es Salaam, Tanzania! Appia M. is a 28-year-old single woman with no children. She has been running a stationery business since 2005 and earns about 400 USD in profit each month. Appia is hoping to expand her business further to attract a wider customers base and is requesting a loan in order to purchase a binding machine, a laminating machine, and rent a larger store to accommodate her growing business needs!


SELFINA has taken a lead role as a pioneer of microcredit in Tanzania. The organization is devoted to the economic empowerment of women in Tanzania through microfinance as a practical way to achieve the economic and social emancipation of women. 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 hence poor access to basic needs and services for women with low incomes. One of the primary advantages of microleasing is that it allows clients to use the equipment as collateral for future loans with SELFINA, enabling them to borrow larger sums in the future.

About Tanzania

  • $1,700
    Average annual income
  • 35
    View loans »
    Tanzania Loans Fundraising
  • $14,312,325
    Funds lent in using Kiva
  • 1,151.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Appia to buy new equipment for a stationery business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 4, 2008
Listed
Sep 19, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009