Mambo (Greetings!) from Tanzania! This 26-year-old Bahati K. from Tukuyu. She is single, and since 2005 has made a living running a clothes shop. She buys clothes wholesale and sell them retail to her customers.
She works at the business for nine hours a day, seven days a week, earning about $750 a month from her business. Bahati is requesting a loan of $775 to buy additional clothes for her business. In the future, her goal is to increase quantity and range of items she has to sell to her customers. Bahati 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 micro leasing 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.