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Salome
Greetings from Mbeya, Tanzania! Salome M. is 29 years old. She is married and has three children, aged 3, 6 and 9. She also has one other dependent, her brother in-law. In 2005, Salome established a salon business. Salome now requires a loan in order to purchase salon equipment and cosmetics.


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

  • $1,900
    Average annual income
  • 38
    View loans »
    Tanzania Loans Fundraising
  • $14,888,125
    Funds lent in using Kiva
  • 1,171.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Salome to purchase salon equipment and cosmetics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 24, 2008
Listed
Feb 10, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 25, 2008