A loan of $700 helped to purchase genge items in bulk.

Stella's story

Mambo from Tanzania! This is 39 years old Stella Mbazuha from Mbarali. She is married with 4 children, between the ages of 3 and 12. Additionally, she is responsible for supporting 2 dependants because orphans . Stella has been running a genge business since 2007. Client’s business is A genge is usually a very basic structure made of wood, with a tin roof, which sells general items such as onions, tomatoes, chilli, oil, rice, and dried fish. It is the kind of place local people send their children running to fetch something when they are in the middle of cooking the evening meal, and don’t have time to go all the way to the market to buy the missing ingredient.
. She works at the business for 9-12 hours per day, 6 days per week and is assisted by one employee. Stella currently earns about 200 USD from her business. She is requesting a loan in order to purchase genge items in bulk for business. In the future, she plans to open the same business at new location . Stella 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 microleasing 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.

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Loan details