Vedastina Byabato

Mambo from Tanzania! This is 37-year-old Vedastina G Byabato from Dar es Salaam. She is married with two children between the ages of 19 and 23. Vedastina has been running a shoe and clothing business since 2004. The client’s business involves selling different types of women's shoes and clothes. She works at the business for 9–12 hours per day, 6 days per week, and is assisted by her employee, her children, and her husband. Vedastina currently earns about 200 USD from her business. She is requesting a loan of 775 USD in order to purchase shoe stock in bulk. In the future, she plans to increase the quantity and range of her stock. Vedastina thanks you for your support!

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 it allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.

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