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Veronica
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.

About SELFINA:
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.

About Tanzania

  • $1,900
    Average annual income
  • 41
    View loans »
    Tanzania Loans Fundraising
  • $14,810,425
    Funds lent in using Kiva
  • 1,167.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Veronica to purchase additional stocks of blankets, clothing, soft drinks and sugar.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 17, 2008
Listed
Feb 2, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009