A loan of $475 helped to buy more hairstyling equipment.

Fatuma's story

Mambo from Tanzania! This is 28 year old Fatuma M H. from Dar es Salaam. She is married with two children between the ages of 6 and 12. Additionally, she is responsible for supporting one dependent because he is an orphan. Fatuma has been running a hair cutting salon since 2006. She is assisted by one employee. Fatuma currently earns about US $100 from her business. She is requesting a loan in order to improve her business by buying more equipment. In the future, she plans to open another business. Fatuma 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 is allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.

Loan details

Lenders and lending teams

Loan details