Funded

Total loan: $700
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Mwanahamisi


A loan of $700 helped to buy maize in bulk for resale.


Mwanahamisi's story

Mambo from Dar es Salaam, Tanzania! This is 52-year-old Mwanahamisi S., a widow with eight children. She started a business of selling cereals such as maize, millet, sorghum, etc., which are all widely available in Tanzania because the economy is 70% agricultural and these cereals comprise a primary portion of the local diet. She now focuses on selling maize because it is the most marketable, being used to make ugaali, a staple food in this country. She earns about 180 USD in profit monthly from this business. She is requesting a loan to purchase maize in bulk. In the future, she hopes to increase the scale of her business.

SELFINA has taken a lead role as a pioneer of microcredit in Tanzania. The organization is devoted to the economic empowerment of women in Tanzania through microfinance as a practical way to achieve the economic and social emancipation of women. Customs and traditions in Tanzania make it difficult for women to own land and assets; thus, they are deemed non-creditworthy by financial institutions. This leads to poor financial support and hence poor access to basic needs and services for women with low incomes. One of the primary advantages of microleasing is that it allows clients to use the equipment as collateral for future loans with SELFINA, enabling them to borrow larger sums in the future.


Loan details

Loan length:

12 months
Disbursed date: October 3, 2008
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)

Lenders and lending teams



Loan details

Loan length:

12 months
Disbursed date: October 3, 2008
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)