Mambo (Greetings!) from Tanzania! Sauda N. is 31 years old and from Mbeya. She is married with 3 children, between the ages of 3 and 14. Sauda has been running a retail shop business since 2006. Her business is purchasing basic home commodities and reselling them.
She works at the business 9 hours per day, and 6 days per week. Sauda currently earns about $120 a month from her business. She is requesting a loan of 525 USD in order to purchase items like sugar, soap, rice, and other basic home needs to sell in her shop. In the future, she plans to start a new business as well. Sauda graciously 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.