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Gwantwa
Mambo (Hello!) from Dar es Salaam, Tanzania! This is 39 year-old Gwantwa M.. She is single and has two children, ages 12 and 17, plus two other dependents,

In 2005, Gwantwa established her fish business. Gwantwa needs a loan to buy addiitonal stocks of a small local fish called a "dagaa," which is similar to an anchovy. It is dried, sold in cans, and is traditionally added to soups and stews. 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.

About Tanzania

  • $1,700
    Average annual income
  • 21
    View loans »
    Tanzania Loans Fundraising
  • $14,229,300
    Funds lent in using Kiva
  • 1,186.6
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Gwantwa to purchase additional stocks of dagaa fish in bulk.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 10, 2008
Listed
May 27, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009