Funded

Total loan: $175
Powered by 6 lenders

Salome

Tanzania
Kyela, Tanzania / Beauty Salon

A loan of $175 helped to purchase salon equipment and cosmetics.


Salome's story

Greetings from Mbeya, Tanzania! Salome M. is 29 years old. She is married and has three children, aged 3, 6 and 9. She also has one other dependent, her brother in-law. In 2005, Salome established a salon business. Salome now requires a loan in order to purchase salon equipment and cosmetics.

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


Loan details

Loan length:

8 months
Disbursed date: February 24, 2008
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: February 24, 2008
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)