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Mariam
Mambo (Greetings) from Dar es salaam, Tanzania! This is 47-year-old Mariam K. M.. She is the proud mother of Salim, who is 10, as well as the supporter of one dependent who was orphaned. Mariam is a Tanzanian entrepreneur who has owned a tailoring business since 2004. Mainly she makes and sells clothes at her business; however, sometimes she sells other cloth items, such as bedsheets, at her store in order to meet customer demand.


Her business is doing well and she is able to make an average monthly profit of about 200 USD. Mariam is requesting a loan of 800 USD in order to buy an additional sewing machine, cloth, and thread. She is planning to hire more employees because she is currently working for more than 16 hours a day, which is simply too many hours for one individual to sustain. She thanks you in advance for your support!


ABOUT SELFINA:
SELFINA has taken a lead role as a pioneer of micro-credit through micro-leasing in Tanzania. The organization is engaged in the economic empowerment of women and uses 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 deemed non-creditworthy by financial institutions. This leads to poor access to basic needs and services for women with low incomes. One of the primary advantages of micro-leasing 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
  • 34
    View loans »
    Tanzania Loans Fundraising
  • $14,312,325
    Funds lent in using Kiva
  • 1,240.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Mariam to buy an additional sewing machine, cloth, and thread for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 25, 2008
Listed
Dec 13, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010