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Mary
Mambo from Dar!* In a busy corner of the city, Mama Lunyunga runs a dawa (shop), where she sells food and soft drinks. She is a 33 year-old mother of three and the profits from her business supplement her husband Aron’s salary from his job at the head office of Tanzanian prisons to support their children, as well as Mary’s niece and nephew. Mama Lunyunga has already successfully repaid two loans from SELFINA and now requires another to expand her business further by increasing her stock. She thanks you very much for your support – ashante sana!

*Hello from Dar es Salaam, Tanzania

About the microloan partner:

SELFINA is engaged in the economic empowerment of women in Tanzania through leasing and leaseback facility as a practical way to achieve economic and social emancipation of women.

SELFINA has taken a lead role as a pioneer of micro-credit in Tanzania through Micro Leasing. Customs and traditions in Tanzania normally make it difficult for women to own land and assets, thus termed not-creditworthy by financial institutions as they lack tangible collateral assets. This leads to poor financial support hence poor access to basic needs and services for women with low incomes.

SELFINA buys and leases equipment to women. Where a client needs working capital SELFINA buys equipments from the said client extending a loan to her and then leases back the same equipment – a process called sale and leaseback arrangement.

About Tanzania

  • $1,700
    Average annual income
  • 23
    View loans »
    Tanzania Loans Fundraising
  • $14,487,475
    Funds lent in using Kiva
  • 1,178.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Mary mary would like to purchase additional stock for her food and soft drink store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 20, 2007
Listed
Dec 5, 2007
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2009