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Mostina A.
Mambo from Tanzania! This is 40-year-old Mostina A. M. from Kyela, married with three children between the ages of 3 and 14. Mostina has been running a cereal crop shop since 2006, selling maize, rice, millet, beans, etc. Assisted by her husband, she works 12 hours per day, 6 days per week, earning about $175 each month from her business.



Mostina is requesting a loan of $400 in order to buy more cereal crops for reselling. In the future, she plans to own her own store so that she can fetch a higher price for her commodities. 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

  • $1,700
    Average annual income
  • 24
    View loans »
    Tanzania Loans Fundraising
  • $14,120,525
    Funds lent in using Kiva
  • 1,255.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Mostina A. to buy more cereal crops for reselling.
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