SELFINA is engaged in the economic empowerment of women in Tanzania through the provision of a leasing and leaseback microfinance facility. For example, when 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.
This is a practical way to achieve the economic and social emancipation of women.
Customs and traditions in Tanzania normally make it difficult for women to own land and assets. They are, therefore, labelled ‘not-creditworthy’ by financial institutions because they lack tangible collateral assets. This leads to poor financial support, hence poor access to basic needs and services, for women with low incomes.
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