Mambo (Greetings!) from Tanzania! This is 28-year-old Emelia M. from Mbeya. She is married with two children aged 5 and 11.
Emelia has been running a fish business since 2008, purchasing and selling fish. She works at the business for 9-12 hours per day, six days per week. She currently earns about $50 a month from her business.
Emelia is requesting a loan in order to purchase fish in bulk for her business. In the future, she plans to open a new business. Emelia 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.