100%

funded

Total loan: $400

Isabela

Flag of Tanzania
Mbeya, Mbeya, Tanzania / Food

Isabela's loan finished fundraising,
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A loan helped To purchase fish.


Isabela's story

Mambo from Tanzania! This is 29-year-old Isabela M. from Mbeya. She is married and has three children between the ages of one and five. Isabela owns and operates a small stall from which she sells roasted fish. She buys fresh fish daily from local fishermen as they come in with their morning catch, and then roasts and sells these fish. Fish are plentiful in the waters around the city and is a staple of the local Tanzanian diet. She is an enterprising micro-entrepreneur who is taking advantage of a local need to make monthly profits of $240. She works at the business for 12 hours a day, 7 days a week. She is requesting a loan of $400 USD to purchase more fish. Isabella 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.