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Scolastica B.
Mambo from Tanzania! This is 26-year-old Scolastica B. M. from Kyela, divorced with one child aged 12. Since 2005, Scolastica has been operating a shop selling items such as rice, maize flour, cooking oil, and salt. Assisted by her sister, she works at the business 12 hours per day, 6 days per week and earns about $110 each month.



Scolastica is requesting a loan of $800 to purchase more food items in bulk and as well as open a cosmetics shop alongside her shop. She 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 microleasing is that it 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

  • $1,900
    Average annual income
  • 37
    View loans »
    Tanzania Loans Fundraising
  • $14,899,225
    Funds lent in using Kiva
  • 1,255.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Scolastica B. to purchase more food items in bulk and open a cosmetics shop.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 4, 2008
Listed
Oct 21, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009