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Mercy B.
Mambo (Greetings!) from Tanzania! This is 24-year-old Mercy K. from Mbeya. She is married with one child who is four years old. Additionally, she is responsible for supporting two dependents because they are orphans whose parents died of AIDS. Mercy has been running a tailoring business since 2006.


She works at the business for 13-16 hours per day, 6 days per week and is assisted by two employees. Mercy currently earns about 210 USD a month from her business. She is requesting a loan of 550 USD in order to purchase threads for making clothes. In the future, she plans to start making other types of clothes. Mercy thanks you for your support!


ABOUT SELFINA:
SELFINA has taken a lead role as a pioneer of microcredit in Tanzania. The organization is devoted to the economic empowerment of women in Tanzania through microfinance as a practical way to achieve the economic and social emancipation of women. 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 financial support and hence 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, enabling them to borrow larger sums in the future.

About Tanzania

  • $1,700
    Average annual income
  • 34
    View loans »
    Tanzania Loans Fundraising
  • $14,522,875
    Funds lent in using Kiva
  • 1,345.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Mercy B. to purchase threads for making clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 30, 2009
Listed
Jan 17, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010