Mambo from Tanzania! This is 41-year-old Rahel C. from Dar es Salaam. She is divorced with one child who is 20. Rahel has been running a cloth business since 2005. She sells on the street, and most sales are credit sales. She works at the business for 9-12 hours per day, seven days per week and is assisted by two employees. Rahel currently earns about US$500 from her business. She is requesting a loan to purchase additional stock of cloth. In the future, she plans to open another business. Rahel 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.