Mambo from Tanzania! This is 39-year-old Anna A. Nyengella from Dar es Salaam. She is married and has three children between the ages of 10 and 16. Anna has been in business as a food-seller since 2004. She buys crops from farmers at a low price and sells them in the city at higher price.She works at the business for 9-12 hours per day, 7 days per week. Anna currently earns about $350 from her business. She is requesting a loan of $750 to purchase rice, maize and beans. In the future, she plans to increase the quantity and range of the goods. Anna 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.