Adding to basket
Mambo (Greetings!) from Tanzania! This is thirty-eight-year-old Monica M. from Mbeya. She is married with three children between the ages of ten and thirteen.
Monica has been running a business since 2008, selling home cooking items like rice, maize flour, cooking oil, and salt. She works at the business for nine to twelve hours a day, six days a week, currently earning about $60 a month. She is requesting a loan in order to purchase additional supplies of rice, sugar, salt, cooking oil and soda. In the future, she plans to increase the quantity and range of her business. Monica 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 microleasing 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.
