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Mary
Mambo from Tanzania! This is 35-year-old Mary S. from Mwanza. She is married with two children between the ages of 1 and 9 years old. Mary S. has been running a beauty salon since 1999. Her business is Beauty Salon, a place where you can buy hair extensions in different styles--long, short, curly, straight, red, blue--and have it woven, cut, or braided. She works at the business for 12 hours per day, 6 days per week, and is assisted by one employee. Mary currently earns about 200USD from her business. She is requesting a loan of 400USD in order to purchase weaving tools, long hair extensions, clothes, and shoes. In the future, she plans to expand her business. Mary thanks you for your support!


ABOUT SELFINA!

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 micro-leasing is that is 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

  • $1,900
    Average annual income
  • 43
    View loans »
    Tanzania Loans Fundraising
  • $14,890,150
    Funds lent in using Kiva
  • 1,302.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Mary to purchase weaving tools, long hair extensions, clothes, and shoes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 23, 2009
Listed
Mar 11, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009