Mambo (Greetings!) from Tanzania! Pictured here is 37 year-old Blandina M. from Mbeya. She is married with three children who are between the ages of one and 17. Additionally, she is responsible for supporting one dependent because his parents are not in good condition.
Blandina has been running a business of “vitenge” (Tanzanian traditional clothes for women) and other goods since 1999. She works at the business for five to eight hours per day, six days per week and is assisted by one member of the family. Blandina currently earns about 200 USD a month from her business. She is requesting a loan of 600USD in order to expand the business by purchasing more vitenge in bulk. In the future, she plans to increase the quantity of vitenge iso that she can continue reselling. Blandina 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.