Mambo from Tanzania! This is 32-year-old Stela D. from Mwanza. She is married and has five children, who are between the ages of 9 and 15 years old. Since 2000, Stela has made a living running a grocery store where she sells onions, tomatoes, chilli and cabbages. It is the kind of place that local people send their children running to when they are in the middle of cooking the evening meal and need a missing ingredient.
She works at this business for six hours per day, seven days per week. Stele earns about $100 a month from her business, and is requesting a loan of $200 to buy bananas, tomatoes and cabbages. In the future, she plans to expand her business. Stela thanks you for her 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.