Mambo (Greetings!) from Tanzania! This is Mariam M. from Mbozi. She is 37, married and has 6 children between the ages of 8 and 17. Additionally, she is responsible for supporting 2 dependents because they are orphans.
Mariam has been running a milk business since 1993; she purchases, prepares and sells milk.
She works at the business for 9-12 hours a day, 6 days a week, and she is assisted by one employee. Mariam currently earns about 80 USD a month from her business. She is requesting a loan in order to improve the quality of her business. In the future, she plans to open the same business at a new location. Mariam 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 it allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.