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Enea
Greetings from Mbeya, Tanzania! Enea L. is 32 years old. She is married and has four children, who are between 2 and 13 years old. In 2000, Enea established a vitenge and batik business. Enea has already received and successfully repaid one loan from SELFINA, and now requests a new loan in order to purchase vitenge and batik in bulk.


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 credit worthy 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. When a client needs working capital SELFINA buys equipment from said client, extending a loan to her, then leases back the same equipment – a process called a sale and leaseback arrangement.

About Tanzania

  • $1,700
    Average annual income
  • 39
    View loans »
    Tanzania Loans Fundraising
  • $14,311,200
    Funds lent in using Kiva
  • 1,171.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Enea to purchase vitenge and batik in bulk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 26, 2008
Listed
Feb 11, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009