Mambo from Tanzania! This is 28 year old Mercy M. from Mbozi. She is married with 3 children, between the ages of 1 and 5. Additionally, she is responsible for supporting one dependant because he is an orphan. Mercy has been running a shop business since 1999. Her business is purchasing and selling various commodities in her shop. She works at the business for 9-12 hours per day, 7 days per week and is assisted by one employee. Mercy currently earns about 200 USD from her business. She is requesting a loan in order to open the same business at a new location. In the future, she plans to improve quality and range of products. Mercy 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 is allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.