Funded

Total loan: $775
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Ruth


A loan of $775 helped to purchase cloth and dye for making batik.


Ruth's story

Mambo from Tanzania! This is 39-year-old Ruth M. P. from Dar es Salaam. She is married and has three children between the ages of 13 and 20. Ruth has been running a batiki business since 2004. Batick pieces are traditional African clothing which is mostly worn by women. They look good when they are painted with dye and many people like them. Ruth works at the business for 9-12 hours per day, 6 days per week. Ruth currently earns about US$318 from her business. She is requesting a loan in order to purchase cloth and dye for making batik. In the future, she plans to establish a new business. Ruth 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.


Loan details

Loan length:

13 months
Disbursed date: April 30, 2009
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: April 30, 2009
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)