Mambo from Mbeya, Tanzania! This is 42 year-old Augusta M.. She is married and has three children, aged 21, 19, and 15. She has one dependent, who lives with her because she is orphan. In 2002, Augusta established her poultry farming business. Working six days a week, and five to eight hours a day, she earns about $40.00 every month from this business. Augusta has already received and successfully repaid four loans from SELFINA, and now requires a new loan in order to buy chicken, drugs, and food. She hopes that this loan will enable her to increase her monthly profits by approximately $217.00. She thanks you for your support.
SELFINA is engaged in economic empowerment of women in Tanzania through leasing and leaseback facility as a practical way to achieve the economic and social emancipation of women.
SELFINA has taken a lead role as a pioneer of microcredit in Tanzania through microleasing. 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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