100%

funded

Total loan: $400

Flora

Flag of Tanzania
Mbeya, Mbeya, Tanzania / Food

Flora's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped To purchase rice, maize, and beans.


Flora's story

Mambo from Tanzania! This is 24-year-old Flora M. from Mbeya. She is married and has a three-year-old child. Since 2005, Flora has been buying crops from farmers and selling them in town at a higher price. She works at the business for eight hours a day, six days a week and is assisted by her husband. Flora currently earns about $120 USD from her business. She is requesting a loan of $400 USD to purchase additional crops such as rice, maize, and beans. In the future, she plans to increase the quantity and range of the stock she sells. Flora 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 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 services for women with low incomes. One of the primary advantages of micro-leasing is that it allows clients to use equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.