Mambo (Greetings!) from Tanzania! This is 29-year-old Laeah L. from Mbeya. She is married with one 3-year-old child. Laeah has been running a medical store business since 2008. She purchases human drugs and sells them in her medical store.
She works at the business for 12 hours per day, six days per week. Laeah currently earns about $320 a month from her business. She is requesting a loan of $625 in order to purchase more drugs to expand her store. In the future, she plans to start a new medical store. Laeah 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.