She works at the business for 9-12 hours per day, 7 days per week and is assisted by one employee. Jane currently earns about 250 USD a month from her business. She is requesting a loan of 525 USD in order to purchase more shoes and tailoring materials in bulk. In the future, she plans to increase the variety of shoes she sells. Jane thanks you 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