100%

funded

Total loan: $650

Grace J.

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Kyela, Mbeya, Tanzania / Clothing

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


A loan helped To purchase more khanga in bulk.


Grace J.'s story

Mambo (Greetings) from Tanzania! This is 30-year-old Grace M. from Kyela. She is married with four children between the ages of five and 11. Grace has been running a khanga business since 2004. She buys khanga (Tanzanian traditional dress) on a wholesale basis and sells them in her shop.

Grace works at the business for 9 to 12 hours per day, 6 days per week and is assisted by her husband. She is requesting a loan of 625 USD in order to purchase more khanga in bulk. In the future, she plans to expand her business. Grace thanks you for your support!

ABOUT SELFINA: SELFINA has taken a lead role as a pioneer of micro-credit through micro-leasing in Tanzania. The organization is engaged in the economic empowerment of women and uses 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 deemed non-creditworthy by financial institutions. This leads to 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, enabling them to borrow larger sums in the future.