Mambo (greetings) from Tanzania! This is 29-year-old Salome M. from Mbozi. She is married with two children, ages 4 and 6. Salome has been running a retail shop business since 2007. She owns a small "duka" or neighborhood shop in the city, where she sells common household and grocery items.
She works at the business for nine to 12 hours per day, six days per week. Salome currently earns about $250 a month from her business. She is requesting a loan in order to purchase shop items in bulk for her business. In the future, she plans to improve the quality and range of products in her "duka." Salome 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 micro-finance 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.