Mambo (Greetings!) from Tanzania! This is 43 year old Leocadia M. from Mwanza. She is married with five children, between the ages of fourteen and twenty. Leocadia has been running a Furniture business since1990. Her business is selling beds, tables, and chairs. She works at the business for twelve hours per day, six days per week and is assisted by two employees. Leocadia currently earns about 300usd a month from her business. She is requesting a loan of 1200usd in order to buy a wood working machine. In the future, she plans to increase her inventory of furniture stock. Leocadia thanks you for her 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.