Funded

Total loan: $750
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Roda

Tanzania
Mbeya, Tanzania / General Store

A loan of $750 helped to purchase commodities in bulk.


Roda's story

Mambo (greetings) from Tanzania! This is 32-year-old Roda C. from Tukuyu. She is married with three children between the ages of 4 and 16. Additionally, she is responsible for supporting two orphans. Roda runs a kiosk (grocery) where you can buy the ingredients to make your daily meals and charcoal, a type of fuel that is very commonly used in Tanzania She works at the business for nine to 12 hours per day, six days per week and is assisted by one employee. Roda currently earns about $130 a month from her business. She is requesting a loan in order to purchase commodities in bulk. In the future, she plans to open a new business. Roda thanks you for your support!

ABOUT SELFINA:

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 micro-finance 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 it 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:

14 months
Repayment schedule: At end of term
Disbursed date: May 31, 2009
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)

Lenders and lending teams



Loan details

Loan length:

14 months
Repayment schedule: At end of term
Disbursed date: May 31, 2009
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)