A loan of $675 helped to purchase items in bulk for her business.

Olesta's story

Mambo (Greetings!) from Tanzania! This is 33-year-old Olesta T. from Mbeya. She is married with four children between the ages of 8 and 16.

Olesta has been running a shop since 1994 selling common household and grocery items. She works at the business for 9-12 hours per day, seven days per week and currently earns about $150 a month.

Olesta is requesting a loan in order to purchase items in bulk for her business. In the future, she plans to open a new business. She 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