Mambo from Mbeya, Tanzania! This is 36 year old Mbumi Z.. She is married and has two children aged 3 and 18. She also has two dependents, who live with her because they are her niece and nephew. In 2000, Mbumi established her clothing business. She has already received and successfully repaid one loan from SELFINA, and now requires a new loan in order to expand her range of clothing. She thanks you for your support.
SELFINA is engaged in the economic empowerment of women in Tanzania through the provision of a leasing and leaseback microfinance 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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