Mambo (Hello!) from Tanzania! This is 49-year-old Mary G. from Mwanza. She is widowed with two children, aged nineteen and twenty-six. Mary has been running a tailoring business since 1999. She makes clothes and sells them to customers. She works at the business for twelve hours a day, six days a week and is assisted by one employee. Mary currently earns about $150 from her business. She is requesting a loan of $400 in order to buy a sewing machine and materials for making clothes. In the future, she plans to expand her business. Mary 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, so 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 it allows clients to use the equipment as collateral for future loans with SELFINA, which enables them to borrow larger sums in the future.