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Epasia
Mambo from Dar es Salaam! This is 46 year-old Epasia M.. She is married with four children, aged 6,16,18, and 23. In 2004 Epasia established a business selling fish, and now requests a loan of $350 in order to purchase additional stock. She thanks you for your support.

SELFINA is an organization that is engaged in economic empowerment of women in Tanzania. Through leasing and leaseback, SELFINA provides a practical way to achieve the 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. As they lack tangible collateral assets, they are termed not creditworthy by financial institutions. 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 that client, extends a loan to her, then leases back the same equipment. The process is called a sale and leaseback arrangement.

About Tanzania

  • $1,700
    Average annual income
  • 16
    View loans »
    Tanzania Loans Fundraising
  • $14,468,400
    Funds lent in using Kiva
  • 1,167.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Epasia to purchase additional stocks of fish in bulk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 23, 2008
Listed
Jan 9, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009