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Queen
Mambo from Dar es Salaam, Tanzania! This is Queen K., who is 40 years old and married with four children. She started a local café last year from which she prepares and sells delicious and inexpensive meals to local Tanzanians. She employs three people to help her run her café and currently earns monthly profits of about US$130. Queen is requesting a loan of US$875 to purchase bulk quantities of rice, wheat flour, maize flour, and cooking oil. She is also planning to use part of her loan to renovate the stall from which she runs her café business. In the future, she would like to expand her café to be able to serve more customers.

SELFINA has taken a lead role as a pioneer of micro-credit in Tanzania through Micro-Leasing. The organization is engaged in the economic empowerment of women in Tanzania through the provision of a leasing and leaseback microfinance facility.

Customs and traditions in Tanzania make it difficult for women to own land and assets, thus they are termed non-creditworthy by financial institutions. This leads to poor financial support and poor access to basic needs and services for women with low incomes.

One of the primary advantages of microleasing 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

  • $1,900
    Average annual income
  • 43
    View loans »
    Tanzania Loans Fundraising
  • $14,902,975
    Funds lent in using Kiva
  • 1,151.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Queen to purchase bulk cooking supplies and renovations.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 5, 2008
Listed
Sep 21, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009