Mambo (Greetings!) from Dar es Salaam, Tanzania and SELFINA! This is 31 year old Upendo J K.. She is a married mother of two children who are 6 and 8 years old.
She runs a grocery store and is assisted by her husband. She works at her business 10 hours a day and 6 days per week. Her business is doing well and her monthly profits are approximately US$250. She is requesting a loan in order to purchase additional stocks of rice, wheat flour, sugar, maize flour, and some animal feed. Due to the success of her business, she hopes to open another business in the future. She thanks you in advance 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 microleasing 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.