She works at the business for 12 hours per day, 7 days per week. Two employees assist her. Olipa currently earns about 200USD a month from her business. She is requesting a loan of 400USD in order to purchase more crates of beer, soft drinks, and other drinks, like whisky, for her business. In the future, she plans to open the same business in a new location. Olipa 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.
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Success!! The loan was 100% repaid