Mambo (hello) from 34-year Sarah M. in Dar es Salaam. She is married and has a six year child. In 1998 Sarah started a business a street vender in 1998. The business originally sold snacks, but recently she has expanded the business to sell fruit as well. She is requesting a loan to buy more produce and ingredients for her snacks. She needs you to give her the support she needs to strengthen and expand her business, asanti sana (thank you very much) for your considering awarding her a loan.
SELFINA is engaged in economic empowerment of women in Tanzania, where customs and traditions normally make it difficult for women to own land and assets. Because they lack tangible collateral assets, women are considered not creditworthy by financial institutions. This leads to poor financial support and poor access to basic needs and services for women with low income.
SELFINA has taken a lead role as a pioneer of micro-credit in Tanzania through Micro Leasing as a practical way to achieve economic and social emancipation of women. SELFINA buys equipment and leases it to women. When a client needs working capital, SELFINA buys equipment from her, extending her a loan, and then leases the same equipment back to her – a process called "sale and leaseback".