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Luth
Mambo from Kyela Mbeya, Tanzania! This is 33-year-old Luth M.. She is married and has 3 children aged 9,12 and 2. She has 3 dependents who live with her because they are street children. In 2002, Luth established her red palm extraction business. Luth has already received and successfully repaid 1 loan from SELFINA, and now requires a new loan in order to buy more stock of red palm in bulk. She thanks you for your support.


SELFINA is engaged in economic empowerment of women in Tanzania through leasing and leaseback facilitation 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.

About Tanzania

  • $1,900
    Average annual income
  • 43
    View loans »
    Tanzania Loans Fundraising
  • $14,890,625
    Funds lent in using Kiva
  • 1,238.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Luth to buy more stock of red palm in bulk.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 12, 2008
Listed
Apr 28, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009