Raising "kuku" is a popular micro-business in Tanzania, especially amongst SELFINA clients. Kuku means chickens in Swahili, and raising them for sale is popular for a number of reasons. Firstly, they require little start-up capital. You can start with one or two and either add to them as you go, or wait for them to multiply naturally! Secondly, they require little space, so sometimes you can just let them run around in your garden or compound. Thirdly, while they are growing they produce eggs, which can either be sold to provide a supplementary source of income, or eaten to provide a supplementary source of protein.
Perusi works at the business for 8 hours per day, 7 days per week and is assisted by one employee. Perusi currently earns about 200 USD from her business. She is requesting a loan of 400 USD in order to purchase more kuku (chickens). In the future, she plans to expand her business. Perusi 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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