Mambo from Tanzania! This is 48-year-old Mwanaidi M. from Dar es Salaam. She is a divorced women with two children between the ages of 7 and 15. Mwanaidi has been running a cafe business since 2004. A local restaurant or café in Tanzania usually consists of a rough wooden table and some long, wooden benches. The food is all local: rice, ugali (a hot sticky dough, made from maize flour), plantain (a cooked savory banana), all served with beans, vegetables, meat, and a variety of sauces.
She works at the business for 9-12 hours per day, 6 days per week. Mwanaidi currently earns about 150 USD from her business. She is requesting a loan of 525 USD in order to purchase additional stocks of rice, sugar, cooking oil, and soda. In the future, she plans to expand her business. Mwanaidi 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 microleasing 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.