Mambo from Tanzania! This is 47-year-old Grace A. from Dar es Salaam. She is married with three children, between the ages of 14 and 25. Additionally, she is responsible for supporting two dependants while they are attending school in the area. Grace has been running a women’s shoes and bags business since 2006. She works at the business for 9-12 hours per day, six days per week. Grace currently earns about 100 USD from her business. She is requesting a loan in order to purchase more shoes and bags. In the future, she plans to open another business. 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 is allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.