Mambo (Greetings) from Tanzania! This is 26 years old Moshi M. from Mbeya. She is married with two children, ages 4 and 10. Moshi has been running a grocery business since 2001. Her business is to purchase soft drinks and drinks like beer and whisky for reselling in her business.
She works at the business for 13 hours per day, 7 days per week, and is assisted by 4 employees. Moshi currently earns about $300 a month from her business. She is requesting a loan of $675 in order to purchase more drinks for her grocery. In the future, she plans to expand her business by increasing the number and variety of drinks in her business. Moshi 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.