Mambo (Greetings!) from Tanzania! This is 47-yea-old Anna M. from Mbeya. She is widowed with 3 children between the ages of 13 and 24. Anna has been running a local restaurant known as “mamalishe” since 1989.
When you see a SELFINA entrepreneur whose business title is ‘restaurant’ or ‘café’, you may have to adjust your mental image of what that is. A local restaurant or café in Tanzania usually consists of a rough wooden table and some long, wooden benches with the sky as a ceiling. Such places don’t even appear in the Lonely Planet’s budget guide, but if you’re looking for a cheap and tasty meal, and someone to have a chat with, this is the place to be. The food is all local: rice, ugali (a hot sticky dough made from maize flour), plantain (a savory cooked banana), all served with beans, vegetables, meat, and a variety of yummy sauces.
She works at her business for 9 hours per day, 7 days per week and is assisted by one employee. Anna currently earns about $120 USD a month from her business. She is requesting a loan of $375 USD to purchase foods like rice beans, potatoes,cooking oil and other items for her business. In the future, she plans to increase number and varieties of services in her restaurant . 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 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.