Mambo (greetings) from Tanzania! This is 36-year-old Rhoida M. from Mbarali. She is married with 2 children, aged 10 and 14. Rhoida has been running a rice milling machine since 2006. She works at the business for 5-8 hours per day, 6 days per week and is assisted by her husband. Rhoida currently earns about 350 USD a month from her business. She is requesting a loan of 775 USD in order to renovate her office. In the future, she plans to change her business. Rhoida 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.