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Namsifu
Mambo from Dar es Salaam! This is 32-year-old Namsifu M.. She is married with two children, aged 4 and 13, and has two other dependents, who are her niece and nephew.



In 2007, Namsifu established a retail business. Namsifu has already received and successfully repaid one loan from SELFINA, and now requires a loan of $550 in order to purchase additional stock in bulk. She thanks you for your support.



About SELFINA


SELFINA is engaged in economic empowerment of women in Tanzania through leasing and leaseback facility as 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, 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, then leasing back the same equipment – a process called a sale and leaseback arrangement.

About Tanzania

  • $1,900
    Average annual income
  • 37
    View loans »
    Tanzania Loans Fundraising
  • $14,890,150
    Funds lent in using Kiva
  • 1,140.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Namsifu to purchase additional stock in bulk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 26, 2008
Listed
Jan 11, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009