Mambo (Greetings!) from Tanzania! Lucy T. is 53 years old and she is from Tukuyu. She is divorced with 2 children, who are 26 and 30. Additionally, she is responsible for supporting one dependant, who is an orphan.
Lucy has earned a living running a charcoal business since 1995. These small, black, and dirty pieces of dry earth provide a good way of life for charcoal sellers, and are crucial to those who rely on charcoal to cook their meals. Many Tanzanians still use small coal pots to cook, in which they arrange mkaa (charcoal), and add either paper, dry grass, old plastic bags or kerosene in order to light them. The fire requires constant fanning to ignite and maintain the flame, and makes cooking quite a hot and laborious task. It may not be the easiest or most environmentally friendly form of cooking, but it is the only option many people can afford.
Lucy works at her business 8 hours per day, 7 days per week. Lucy currently earns about $500 USD a month from her business. She is requesting a loan of $325 USD in order to purchase additional stock of charcoal. In the future, she plans to increase the amount of charcoal she sells and open another store. Lucy 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 it allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.