Mambo from Mbeya, Tanzania! Veronica M. is 29 years old and she is married with two children. In 2005 Veronica established a general store business and she now seeks a new loan in order to purchase additional stocks of blankets, clothing, soft drinks and sugar. She thanks you for your support.
SELFINA is engaged in the economic empowerment of women in Tanzania through leasing and leaseback facilities 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 whereby SELFINA buys and leases equipment to women. Specifically, when a client needs working capital, SELFINA will purchase equipment from said client, extend a loan to her, and then lease the same equipment back to her – a process called a sale and leaseback arrangement. Customs and traditions in Tanzania normally make it difficult for women to own land and assets; therefore, financial institutions do not consider Tanzanian women to be credit-worthy because they lack tangible assets that could serve as collateral. As a result, Tanzanian women with low income receive poor financial support and meager access to basic needs and services. SELFINA thanks you for your support.