Mambo (Greetings!) from Tanzania! Pictured here is 51 year-old Eliza K. from Mwanza. She is married with four children who are between the ages of 18 and 30. Additionally, she is responsible for supporting two orphans.
Eliza has been running a beverage business since 2006. She sells beers, water and soda. She works at the business for 12 hours per day, six days per week and is assisted by her husband. Eliza currently earns about 200USD a month from her business. She is requesting a loan of 400USD in order to buy more beers such as Kilimanjaro, tusker, safari lager, the kick, reds, Bavaria and Serengeti. In the future, she plans to open a new business. Eliza thanks you for her 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.