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Almeyda
Mambo from Kyela Mbeya, Tanzania! This is 37 year-old Almeyda Mwambona. She is married and has 4 children aged between 11 and 20. In 2000, Almeyda established her grain-selling business. She now requires a loan in order to purchase additional stock 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 equipmentā€”a process called a sale and leaseback arrangement.

About Tanzania

  • $1,700
    Average annual income
  • 19
    View loans »
    Tanzania Loans Fundraising
  • $14,120,525
    Funds lent in using Kiva
  • 1,228.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Almeyda to purchase additional stock in bulk .
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 13, 2008
Listed
Apr 28, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 21, 2008