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Jane
Jane Mtubesya is a 31 year-old single mother of two, Jackline, 11 and Jessica, 8. In 2002, she established a business selling raw rice and now requires a loan of $525 in order to purchase additional stock and expand her business. Jane has already successfully repaid one loan from SELFINA and plans to do so again.

SELFINA is engaged in economic empowerment of women in Tanzania through a 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 they are termed not credit worthy 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 equipment 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

  • $1,900
    Average annual income
  • 42
    View loans »
    Tanzania Loans Fundraising
  • $14,807,750
    Funds lent in using Kiva
  • 1,167.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Jane to purchase additional stocks of rice in bulk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 26, 2007
Listed
Dec 12, 2007
Currency Exchange Loss:
Covered
Ended:
Jan 16, 2009