This is 34-year-old Agnes C. from Dar es Salaam. She is married with 1 child, 12 years old. Agnes has been running a café (mama lishe) business. This SELFINA client's business is doing well. She works at the business for 12 hours per day, 6 days per week, and is assisted by 4 employees. Agnes currently earns about US$ 300 from her business. She is requesting a loan of US$ 450 in order to purchase additional equipment for her business such as chairs, tables, and rice. In the future, she plans to buy more equipment.
Agnes 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 it 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