Funded

Total loan: $450
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Salome

Tanzania
Mwanza, Tanzania / Cereals

A loan of $450 helped to purchase additional stocks of rice in bulk.


Salome's story

Mambo from Mwanza, Tanzania! This is 40-year-old Solome M.. She is widowed with three children, aged 13, 15, and 19. In 1999 Solome established a business selling rice and now requires a loan of $450 in order to purchase additional stock in bulk. 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:

15 months
Disbursed date: February 8, 2008
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: February 8, 2008
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)