A loan of $1,050 helped to purchase additional stocks of building materials and soda for her shop.

Salma's story

Thirty-seven year old Salma R. is a busy woman. She is married and a mother of three, Hussein, 10, Mussa, 7, and Hassani, 5. She is employed by the Tanzanian Ministry of Justice and Constitutional Affairs as an Assistant Registration Officer and also runs three businesses! In 2000 she began selling bags of concrete and in 2004 added the sale of soda to her ventures. This year Salma opened a shop from which to sell her goods, to which she added a variety of building materials such as steel, gravel and pebbles. She requires a loan of $1,050.00 to further establish and expand this business by purchasing additional stock in bulk. Salma has successfully repaid one loan from SELFINA and is determined to do so again.

SELFINA is engaged in economic empowerment of women in Tanzania through a leasing and leaseback facility as a practical way to achieve economic and social emancipation of women.

SELFINA has taken a lead role as a pioneer of micro-credit in Tanzania through Micro Leasing. Customs and traditions in Tanzania normally make it difficult for women to own land and assets, thus they are termed not credit worthy by financial institutions as they lack tangible collateral assets. This leads to poor financial support, hence poor access to basic needs and services for women with low incomes.

SELFINA buys and leases equipment to women. Where a client needs working capital, SELFINA buys equipment from the said client, extending a loan to her, and then leases back the same equipment – a process called sale and leaseback arrangement.

Loan details

Lenders and lending teams

Loan details