She works at the business for 13-16 hours per day, 6 days per week and is assisted by two employees. Mercy currently earns about 210 USD a month from her business. She is requesting a loan of 550 USD in order to purchase threads for making clothes. In the future, she plans to start making other types of clothes. Mercy thanks you for your support!
SELFINA has taken a lead role as a pioneer of microcredit in Tanzania. The organization is devoted to the economic empowerment of women in Tanzania through microfinance as a practical way to achieve the economic and social emancipation of women. 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 financial support and hence 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, enabling them to borrow larger sums in the future.
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