Mambo from Tanzania! This is 37 years old Selina L. from Mbozi. She is married with 2 children, between the ages of 8 and 12. Selina has been running a fish business since 2004. She owns and operates a small stall from which she sells roasted fish. She buys fresh fish daily from local fishermen as they come in with their morning catch, and then roasts and sells these fish either in the fish market on along the roads of the city. Given its location along the water, fish is plentiful in the waters around the city and is a staple of the local Tanzanian diet. She is an enterprising micro-entrepreneur who is taking advantage of a local need to make monthly profits of $90.
She works at the business for 9-12 hours per day, 6 days per week. She is requesting a loan in order to purchase fish in bulk for her business. In the future, she plans to improve quality and range of product. Selina 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.