Mambo (Greetings!) from Tanzania! Pictured here is 29 year-old Upendo I. from Mbeya. She is married with two children who are between the ages of seven and 12. Upendo has been running a clothes shop since 2007.
She works at the business for nine to 12 hours per day, six days per week and is assisted by her husband. Upendo currently earns about 150 USD a month from her business.
She is requesting a loan of 525 USD in order to purchase more clothes in bulk. In the future, she plans to increase more clothes for reselling. Upendo 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 microleasing 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.