A loan of $275 helped to purchase inventory in bulk.

Zawadi's story

Mambo from Dar es Salaam, Tanzania! Zawadi K. is a 25-year-old married woman. She has been selling traditional African cloth since 2007. Women purchase cloth from her and use it to fashion wonderful outfits. Her husband assists her in running this business and together they earn monthly profits of US$100. Now Zawadi is requesting a loan of US$275 with which she is planning to purchase additional cloth in bulk. In the future she plans to increase the quantity and range of her business.

SELFINA has taken a lead role as a pioneer of micro-credit in Tanzania through Micro-Leasing. The organization is engaged in the economic empowerment of women in Tanzania through the provision of a leasing and leaseback microfinance facility.

Customs and traditions in Tanzania make it difficult for women to own land and assets, thus they are termed non-creditworthy by financial institutions. This leads to poor financial support and poor access to basic needs and services for women with low incomes.

One of the primary advantages of microleasing is that is allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.

Loan details

Lenders and lending teams

Loan details