Mambo (Greetings!) from Tanzania! This is 27 year old Wema S. from Mbeya. She is married with two children, who are 2 and 8 respectively. Additionally, she is responsible for supporting two orphans.
Wema has been running a retail shop since 2005. Her business consists of buying things wholesale and reselling them retail.
She works at the business for 12 hours per day, 7 days per week. Wema currently earns about 150USD a month from her business. She is requesting a loan of 375USD in order to increase various commodities in her business so as to expand her market. In the future, she plans to start a new business. Wema 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.