A loan of $400 helped to purchase rice, beans and maize flour.

Beatrice's story

Mambo from Tanzania! This is 41-year-old Beatrice S. from Mwanza. Beatrice has been running a shop selling soaps, maize flour and sugar since 1998. She works at the business for 12 hours per day, 6 days per week and is assisted by one employee. Beatrice is married with one child, age one years old. In addition, she is responsible for supporting one dependant whose parents do not take care of him.

Beatrice currently earns about $160 US from her business. She is requesting a loan of $400 US in order to purchase rice, beans and maize flour. In the future, she plans to expand her business. Beatrice 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 deemed non-creditworthy by financial institutions. This leads to poor financial support and poor coverage of basic needs and services for women with low incomes. One of the primary advantages of micro-leasing is that it allows clients to use equipment as collateral for loans with SELFINA, thus enabling them to borrow larger sums.

Loan details

Lenders and lending teams

Loan details