Mambo from Tanzania! This is 37-year-old Ester K. from Dar es Salaam. She is married and has two children, ages 5 and 9. Ester has been running a poultry business since 2002. Raising kuku (kuku means chicken in Swahili) is popular in Tanzania for a number of reasons. Firstly, raising chickens requires little start-up capital. You can start with a few and either add to them as you go or wait for them to multiply naturally! Secondly, they require little space, so sometimes you can just let them run around in your garden or compound. Thirdly, while they are growing they produce eggs, which can either be sold to provide a supplementary source of income, or eaten to provide a supplementary source of protein. Her business is doing well. She works at the business for eight hours per day, seven days per week and is assisted by one employee. Esther currently earns about $200 USD from her business. She is requesting a loan of $750 USD to buy more chicks and their feed. In the future, she plans to expand her business. Esther 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 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 equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.