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Vailet
In 2002 Vailet M. opened a small shop selling basic groceries. Five years later, having wisely invested and repaid two loans from SELFINA, Vailet has expanded the business so that it now generates a monthly profit of around $550, which is a considerable amount in Tanzania. Vailet now wants to expand her business further, by increasing the quantity and range of her stock and buying in bulk. She is married to husband Patson and has five children between the ages of 5 and 18 years.

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

  • $1,700
    Average annual income
  • 16
    View loans »
    Tanzania Loans Fundraising
  • $14,457,200
    Funds lent in using Kiva
  • 1,139.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Vailet to purchase additional stock for her general store.
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