Mambo from Dar es Salaam, Tanzania! This is 43 year old Halima K.. She is married with two children, ages twelve and fifteen.
In 1991, Halima established an African batik cloth business. She has already received and successfully repaid two loans from SELFINA. She requires a new loan to purchase cloth and dyes, which she will use to make additional stock of batik cloth for sale. She thanks you for your support.
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-creditworthy 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. Where a client needs working capital SELFINA buys equipment from said client, extending a loan to her, then leasing back the same equipment – a process called a sale and leaseback arrangement.
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Success!! The loan was 100% repaid