Mambo (greetings) from Tanzania! This is 29-year-old Alice S. from Mbozi. She is single with three children between the ages of 6 and 14. Alice has been running a business purchasing and selling crops and clothes since 2006. She works at the business for nine to 12 hours per day, six days per week. Alice currently earns about $100 from her business. She is requesting a loan in order to purchase crops in bulk for her business. In the future, she plans to improve the quality and range of products she offers. Alice 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 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.