Funded

Total loan: $350
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Frida

Tanzania
Kyela, Tanzania / Retail

A loan of $350 helped to buy water, candy, and phone credit vouchers in bulk.


Frida's story

Mambo (Hello!) from Dar es Salaam, Tanzania! This is 45 year-old Frida M.. She is married and has three children, ages 24, 27, and 31, plus two additional dependents.

In 2005, Frida established her small retail business. Frida needs a loan to buy candy, water, and phone credit vouchers for her small kiosk. She thanks you for your support.

SELFINA is engaged in the economic empowerment of women in Tanzania through the provision of a leasing and leaseback microfinance 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:

12 months
Disbursed date: June 12, 2008
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)

Lenders and lending teams



Loan details

Loan length:

12 months
Disbursed date: June 12, 2008
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)