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Agnes
Mambo from Tanzania! This is 40-year-old Agnes M. from Dar es Salaam Tanzania. She is divorced with two children aged 17 and 20. Agnes has been running a cosmetics business since 2007. Her business is to sell different kinds of cosmetics such as perfumes, body spray, lotions and others. She works at the business for 9-12 hours per day, seven days per week and is assisted by one employee. Agnes currently earns about 200 USD from her business. She is requesting a loan in order to purchase additional stocks of cosmetics. In the future, she plans to open another business. Agnes thanks you for your support!


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
  • 16
    View loans »
    Tanzania Loans Fundraising
  • $14,211,425
    Funds lent in using Kiva
  • 1,313.6
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Agnes to purchase additional stocks of cosmetics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 25, 2009
Listed
Feb 15, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010