Mambo from Mbeya, Tanzania! This is 26 year-old Eliza M.. She is married with three children, aged 2, 5 and 9. In 2004 Eliza established a retail store. Eliza now requires a new loan in order to purchase inventory in bulk.
SELFINA is engaged in the 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. For women with low incomes, there are few economic opportunities and poor access to basic needs and services
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 leases back the same equipment – a process called a sale and leaseback arrangement.