Sponsa H., 41 years old, is from Dar es Salaam. She is married and has a child who is 14 years old. Additionally, she is responsible for supporting a 13-year-old girl who has lost her real parents.
Sponsa earns income growing vegetables and selling them in the market. At present, she needs a loan of US$250 to be able to purchase an irrigation machine in order to increase the productivity and output of her vegetable garden. Sponsa is thankful to everyone for supporting her.
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.