Mambo from Tanzania! This is 31-year-old Janeth M. from Dar es Salaam. She is single with one child who is six years old. Janeth has been running a beauty salon business since 2005. This is the place where you can buy long hair, short hair, curly hair, straight hair, red hair, blue hair, and then have it attached to your head, woven, cut, or braided, and made to look like your own.
She works at the business for 9 to 12 hours per day, six days per week and she is assisted by one employee. Janeth currently earns about US $90 monthly profit from her business. She is requesting a loan in order to purchase hair products. In the future, she plans to open another business. Janeth 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 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.