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Amina
Sit back and relax! 27 year-old Amina sells a range of mattresses, sofa seats and comfy cushions. She established the business in 2002, which she has guided from strength to strength and now generates a profit of about $360 per month. She has generously shared the fruits of her labour not only with her own children, Iddy and Fakhi but with two of her sister’s children, Warda and Amina, whom she now cares for. Never one to rest on her laurels (or her cushions!) she is now requesting a loan of $1,125 to expand her business by purchasing additional stock.

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
  • 13
    View loans »
    Tanzania Loans Fundraising
  • $14,466,375
    Funds lent in using Kiva
  • 1,178.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Amina amina would like to purchase additional mattresses and cushions to sell.
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