Total loan: $1,175


Dar es Salaam, Dar es Salaam, Tanzania / Health

Grace's loan finished fundraising, but these other borrowers need your support

A loan helped Purchase medicines in bulk.

Grace's story

Mambo from Tanzania! This is 50-year-old Grace F. L. from Dar es Salaam. She is a widow with one child, who is one year old. Additionally, she is responsible for supporting two dependents because they are orphans.

Grace has been running a pharmacy since 1997. She works at the business for 16 hours per day, seven days per week. Grace currently earns about 100 USD from her business. She is requesting a loan in order to purchase medicines in bulk. In the future, she plans to increase the quantity and range of her stock. Grace 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, 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 micro leasing is that it allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.