Mambo from Tanzania! This is 47-year-old Rose I. from Dar es Salaam. She is married and has three children between the ages of 18 and 28. Rose has been running a genge (grocery store) since 2004. A genge is usually a very basic structure made of wood and a tin roof where people can buy general items such as onions, tomatoes, chilli, oil, rice, and dried fish. It is the kind of place local people send their children to fetch something when they are in the middle of cooking the evening meal and don’t have time to go all the way to the market to buy the missing ingredient.
Rose works at the business for 9-12 hours a day, 6 days a week. She currently earns about $400 USD from her business. She is requesting a loan of $925 USD to purchase rice, maize, and beans. In the future, she plans to increase the quantity and range of her inventory. Rose 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 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 situation 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 their equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.