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Hyasintha
Hyasintha L. sells pots and pans, spatulas and spoons, in fact almost everything except the kitchen sink. She established her housewares business in 2005 and now requires a loan of $900 to purchase additional stock. She is married to husband Bahata who works at a primary school. Hyasintha is a teacher at a high school. She and Bahata have a baby daughter, Faith, who is three months old.

SELFINA is engaged in economic empowerment of women in Tanzania through leasing and leaseback facility as a practical way to achieve economic and social emancipation for 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-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 equipment from said client extending a loan to her and then leases back the same equipment – a process called a sale and leaseback arrangement.

About Tanzania

  • $1,900
    Average annual income
  • 38
    View loans »
    Tanzania Loans Fundraising
  • $14,894,575
    Funds lent in using Kiva
  • 1,139.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Hyasintha to purchase additional stock for her housewares shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 1, 2008
Listed
Dec 18, 2007
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009