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Gloria
Mambo from Tanzania! Gloria M. lives in Dar es Salaam where she owns a Mama Lishe (local cafe) that she established in 2004. She is assisted by three employees in the running of her café and earns monthly profit of about 300 USD. When you see a SELFINA entrepreneur whose business title is "restaurant" or "café," you may have to adjust your mental image of what that is. A local restaurant or café in Tanzania usually consists of a rough wooden table and some long, wooden benches, with the sky as a ceiling. Such places don’t even appear in the Lonely Planet’s budget guide, but if you’re looking for a cheap and tasty meal, and someone to have a chat with, this is the place to be. The food is all local: rice, ugali (a hot sticky dough, made from maize flour), plantain (a cooked savoury banana), all served with beans, vegetables, meat, and a variety of yummy sauces. Gloria is requesting a loan of 800 USD in order to purchase a microwave and to make renovations to her café. Gloria hopes that her larger café will be able to hold more customers and thus enable her to expand her business and earn increased profits in the near future.


SELFINA has taken a lead role as a pioneer of microcredit in Tanzania. The organization is devoted to the economic empowerment of women in Tanzania through microfinance as 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; because of this, they are deemed non-creditworthy by financial institutions. This leads to poor financial support, hence poor access to basic needs and services. When a client needs working capital to buy a specific item, SELFINA buys the equipment for said client and extends a loan to her. The same equipment is then leased back to the client so they can use it while in process of paying back their loan, a process called a sale-and-leaseback arrangement. Once the loan has been repaid, SELFINA transfers the ownership of the equipment to the client. The advantage of microleasing over traditional microfinance loans is that is allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.

About Tanzania

  • $1,700
    Average annual income
  • 19
    View loans »
    Tanzania Loans Fundraising
  • $14,473,050
    Funds lent in using Kiva
  • 1,158.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Gloria to buy additional supplies for her cafe.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 13, 2008
Listed
Aug 30, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009