Alamoka S. from Mbeya is 50 years old. She is married and has 5 children, all between the ages of 13 and 30. Additionally, she is responsible for supporting one other dependent, because the child is an orphan.
Alamoka has been running her own shop since 2006, purchasing and re-selling a variety of commodities. She works 9-12 hours per day, and can earn about US$ 90 a month from her business. She is now requesting a loan in order to purchase commodities in bulk for re-sale. In the future, she plans to open a new business. Alamoka 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.