Mambo (Greetings!) from Tanzania! This is 43-year-old Winfrida Mwipwelesa from Mbeya. She is widow with 2 children, ages 16 and 22. Winfrida has been running a shop since 2005. She sells items for use in the home, like rice, maize flour, cooking oil, salt, etc. She works at the business for 9-12 hours per day, 7 days per week and is assisted by one employee. Winfrida currently earns about $100 USD a month from her business. She is requesting a loan in order to purchase additional stocks of rice, sugar, salt, cooking oil and soda. In the future, she plans to increase the quantity and range of her business. Winfrida 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 many other 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 it allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.