Eni has been running a local restaurant business since 2005. A local restaurant or café in Tanzania usually consists of a rough, wooden table and some long, wooden benches. The food is all local: rice, ugali (a hot, sticky dough made from maize flour), and plantain (a cooked, savory banana), all served with beans, vegetables, meat, and a variety of sauces. Eni works at the business for between nine and twelve hours per day, seven days per week, and currently earns about $90 USD from her business. She is requesting a loan in order to improve the quality of her business premises. In the future, she plans to open a new business. Eni thanks you for your support!
SELFINA has taken a lead role as a pioneer of microcredit 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 is allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.
45View loans »