Funded

Total loan: $450
Powered by 14 lenders

Ruthi

Tanzania
Mbeya, Tanzania / Farming

A loan of $450 helped to purchase seeds, fertilizer, and tools for farming.


Ruthi's story

Mambo from Mbeya, Tanzania! This is 40 year-old Ruthi S.. She is married with five children, ages 8, 10, 16, 20, and 24. In 2000 Ruth established a farming business. Ruthi has already received and successfully repaid one loan from SELFINA, and now requires a loan of $450 in order to purchase seeds, fertilizer, and tools. She thanks you for your support.

About SELFINA: SELFINA is engaged in economic empowerment of women in Tanzania through leasing and leaseback facility as a practical way to achieve the 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-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, then leasing back the same equipment – a process called a sale and leaseback arrangement.


Loan details

Loan length:

14 months
Disbursed date: January 31, 2008
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: January 31, 2008
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)