Mambo (greetings) from Tanzania! This is 40-year-old Bibie H. M. from Dar es Salaam. She is single with two children between the ages of 4 and 10. Additionally, she is responsible for supporting one dependent because his parents cannot take care of him. Bibie has been selling an African traditional cloth called khanga since last month. She works at the business for five hours per day, eight days per week. Currently she earns about $100 USD from her business. She is requesting a loan in order to purchase stock in bulk. Bibie thanks you for her support!
Kiva partner SELFINA has taken a lead role as a pioneer of microcredit in Tanzania through microleasing. 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 noncreditworthy 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 microleasing is that it allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.