In 2005, Joyce established her fish business. Working six days a week and 13 hours a day, she earns about US $100 every month from this business. She is assisted by her husband and children. Joyce requires a loan in order to purchase additional fish. In the future, Joyce plans to to increase the quantity and range of the stock.. 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 and 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.
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