Merey N. Lyaumi

Mambo (Greetings!) from Tanzania! This is 25 year-old Merey Lyaumi from Mbarali. She is married with 3 children, between the ages of 1 and 7. Merey has been running an electrical appliance business since 2006. Her business is to buy electrical appliances on wholesale basis and sell them retail.

She works at the business for 9-12 hours per day, 6 days per week and is assisted by her husband. Merey currently earns about 120 USD a month from her business. She is requesting a loan of 650 USD in order to purchase more appliances in bulk for reselling. In the future, she plans to expand her business by adding more appliances. Merey 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.

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