Mambo (Greetings!) from Tanzania! This is 32-year-old Upendo M. from Mbeya. She is married with 3 children between the ages of 10 and 19.
Upendo has been running a business selling clothes, plates, and maize since 1998. She works at the business for 9-12 hours per day, 6 days per week and is assisted by her husband and her daughter. Upendo currently earns about $50 USD a month from her business. She is requesting a loan of $375 to increase her capital by purchasing more crops in bulk. In the future, she plans to increase the stock and the range of her business. Upendo 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.