Mambo from Tanzania! This is 33-year-old Nuru L. from Dar es Salaam. She is married with two children, ages 10 and 13. Additionally, she is responsible for supporting two dependents because they are orphans. Nuru has been running a grocery business since 2008. She works at the business 13-16 hours per day, seven days per week. Nuru currently earns about US$300 from her business. She is requesting a loan to purchase grocery items. In the future, she plans to increase the quantity and range of her stock. Nuru 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.