Mambo from Mbeya, Tanzania! This is 40 year old Adiles B. M.. She is married with four children, aged between 10 and 25 years old. She also cares for another dependent, who lives with her because he is an orphan. In 2003, Adiles started a business selling rice, which is open six days a week for five to eight hours a day. She is assisted by her husband. Adiles requires a loan in order to buy more stock of rice. 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 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.
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