Mambo (Greetings!) from Tanzania! This is 34-year-old Christina M. from Mbeya. She is single. Christina has been running a used clothes store since 2002. Second-hand clothes journey across the oceans from America and Europe, and are then washed, ironed and sold in bulk by wholesalers in Tanzania to retailers who then re-wash and re-iron them for sale on the streets and in the surrounding towns and villages. These clothes are becoming increasingly popular, especially amongst the younger generation, because of their low cost, and the general appeal of anything modern.
She works at the business for 9-12 hours per day, six days per week. Christina currently earns about US$90 a month from her business. She is requesting a loan in order to purchase additional stocks of clothes for her business. In the future, she plans to increase the quantity and range of her business. Christina thanks you for your support!
SELFINA has taken a lead role as a pioneer of micro-credit in Tanzania through microleasing. 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 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.