Mambo from Tanzania! This is 58-year-old Annety K. from Dar es Salaam. She is married with six children between the ages of 22 and 39. Additionally, she is responsible for supporting two dependents because they are orphans. Annety has been running a grocery business since 2007. She works at the business for 9-12 hours per day, six days per week and is assisted by one employee. Annety currently earns about US$500 from her business. She is requesting a loan to purchase additional stock of grocery items. In the future, she plans to open another business. Annety 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.