Lucy Kyara

Mambo (Greetings!) from Tanzania! This is 33 year old Lucy Kyara from Dar es Salaam. She is married with one child, who is 33 years old. Lucy has been running a milling machine business since 2007. Milling machines are used to grind up grains (maize) to get flour. She does this both for her customers and for herself. She works at the business for 9-12 hours per day, six days per week and is assisted by one employee. Lucy currently earns about 200 USD from her business. She is requesting a loan in order to purchase more maize. In the future, she plans to buy another milling machine. Lucy 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 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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