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Scholastica's loan finished fundraising,
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A loan helped To purchase clothes in bulk.
Scholastica has been purchasing and selling clothes since 2003. She works at her business for between nine and twelve hours per day, six days per week. She currently earns about $100 USD from her business. She is requesting a loan in order to purchase clothes in bulk. In the future, she plans to open the same business at a new location. Scholastica thanks you for your support!
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 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 microleasing 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.