Mary I. Ndambo

Thank you for your loan. It has been disbursed to Mary I. Ndambo by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the next 5 months, Sero Lease and Finance Ltd. (SELFINA) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Dear lenders,

Mambo from Mbarali, Tanzania and from SELFINA! Thank you for your loan through Kiva to Mary Ndambo, a SELFINA client and micro-entrepreneur. The purpose of this journal is to update you on Mary and the status of her business.

As you know, your generosity helped Mary obtain a loan of $450 in October 2008. She is running a cafe business and used the loan to purchse more items in bulk for her business. She works at her business for 9 hours per day, 6 days per week. She is assisted by two employees at her business.

Since she took out the loan, her business has been doing well and Mary’s monthly profits have increased from about $70 to approximately $100. She has used these extra profits to successfully repay her loan as well as paying school fees for her children, made improvement to hher house, paying water and electricity bills,and bought 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 a new location for her business. On the personal front, her family is doing well She is married and has 4 children. Mary dreams about being able to continue to send her children to school.

SELFINA aims to continue to assist Mary and other women like her, and empower them towards financial security and increased confidence through microloans. Thank you very much for supporting Mary! 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