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Magreth
Mambo from Tanzania!



This is 45-year-old Magreth K. from Dar es Salaam. She is divorced with two children, between the ages of 19 years and 27 years. Additionally, she is responsible for supporting one dependent who is an orphan. Magreth K. has been running a banana business since 1983. She buys bananas from farmers and take them to town where many people like to buy them. Her business is doing good. She works at the business for 4 hours per day, 6 days per week and she is assisted by one employee. Magreth K. currently earns about $100 from her business. She is requesting a loan of $275 in order to purchase additional stock of bananas. In the future, she plans to expand her business.



Magreth thanks you for your support!


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.

About Tanzania

  • $1,700
    Average annual income
  • 46
    View loans »
    Tanzania Loans Fundraising
  • $14,679,800
    Funds lent in using Kiva
  • 1,155.6
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Magreth to purchase additional stock of bananas.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 4, 2008
Listed
Sep 20, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009