Mambo from Tanzania! This is 38-year-old Selestina from Mwanza. She is widowed with three children between the ages of 10 and 19 years old. Selestina has been running a grocery business since 1995. She operates her business from a very basic structure made of wood with a tin roof where she sells general items such as beer, soda and water. She works 13 hours per day, 7 days per week and is assisted by one employee. She is requesting a loan of $400 to purchase more drinks so she can expand her business and service more customers. Selestina thanks you for her 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.