Her business is doing well and she is able to make an average monthly profit of about 200 USD. Mariam is requesting a loan of 800 USD in order to buy an additional sewing machine, cloth, and thread. She is planning to hire more employees because she is currently working for more than 16 hours a day, which is simply too many hours for one individual to sustain. She thanks you in advance for your support!
SELFINA has taken a lead role as a pioneer of micro-credit through micro-leasing in Tanzania. The organization is engaged in the economic empowerment of women and uses 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 deemed non-creditworthy by financial institutions. This leads to 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, enabling them to borrow larger sums in the future.
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Success!! The loan was 100% repaid