Mambo (Greetings!) from Tanzania! This is 38-year-old Frolence A. from Tukuyu. She is married and has two children aged 10 and 18. Frolence has been running a grocery business since 2005. She buys drinks wholesale and sells them retail.
She works at the business for 9-12 hours per day, 7 days per week. Frolence currently earns about $150 USD each month from her business. She is requesting a loan to buy more drinks like beer, whisky, and soft drinks for her business. In the future, she plans to increase the varieties of drinks in her grocery shop. Frolence 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.