This is 42-year-old Praxeda M. from Dar es Salaam. She is married with 3 children, between the ages of 9 and 16. Praxeda has been running a snacks business since 2003. She prepares snacks such as chapati and sells them to people around her area.. She works at the business for 5 hours per day, 6 days per week and she is assisted by two employees. Praxeda R Mkandalara currently earns about $200 from her business. She is requesting a loan of $875 in order to buy wheat flower, cooking oil and other raw material for making snacks. In the future, she plans to renovate her business building and to establish a new business.
Praxeda thanks you for your support!
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 micro leasing 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.
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Success!! The loan was 100% repaid