A loan of $1,075 helped to purchase additional stocks of clothing.

Mwanahamisi's story

This is 39-year-old Mrs. Mwanahamisi C.. If that name is too difficult, it may be easier to use her nickname, Mama Pana (in reference to her third-born child; I hope the others aren’t jealous!) Mama Pana runs a business selling clothes, specializing particularly in kangas (long kaftan-like dresses made from colourful African cloth.) She established the business in 2005 and requires a loan of $1075 to purchase additional stock.

SELFINA is engaged in economic empowerment of women in Tanzania through leasing and leaseback facility as a practical way to achieve economic and social emancipation for 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-creditworthy 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 said client extending a loan to her and then leases back the same equipment – a process called a sale and leaseback arrangement.

Loan details

Lenders and lending teams

Loan details