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Zainabu
Mambo from Tanzania! This is Zainabu Mahube, a 26-year-old, single woman from Mwanza. Zainabu Mahube has been operating a tailoring business since 2004. In particular, her business model is as follows: she purchases various materials (vitambaa, vitenge, and kanga) and later makes them into clothing, though she notes that her clothing is primarily for women. She works at her business 12 hours per day and 6 days per week. As such, Zainabu is able to earn approximately $150 from her business operations. She is now requesting a loan in the amount of $425 in order to purchase more clothes (e.g., kanga and vitenge). In the future, she plans to open another business. Zainabu thanks you for your support!



ABOUT SELFINA: SELFINA is engaged in the economic empowerment of women in Tanzania through the provision of a leasing and leaseback micro-finance facility. Customs and traditions in Tanzania normally make it difficult for women to own land and assets, thus they are not considered to be credit-worthy by financial institutions because they lack tangible assets that can serve as collateral. As such, low income women in Tanzania typically receive poor financial support and in turn only limited access to basic needs and services. Fortunately, SELFINA has been a pioneer of micro-credit in Tanzania through micro-leasing to achieve the economic and social emancipation of women in Tanzania. Simply put, SELFINA buys and leases equipment to women through an arrangement called a sale and leaseback transaction. More specifically, when a client needs working capital, SELFINA buys equipment from said client, extends a loan to her to facilitate the transaction, and then leases the equipment back to her.

About Tanzania

  • $1,700
    Average annual income
  • 19
    View loans »
    Tanzania Loans Fundraising
  • $14,217,575
    Funds lent in using Kiva
  • 1,240.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Zainabu to expand her business by purchasing additional clothes (e.g., kanga and vitenge).
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 15, 2009
Listed
Dec 16, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009