Mambo from Tanzania! This is 35-year-old Sharifa J. from Mwanza. She is married with six children between the ages of 3-15. Sharifa has been running a cereal business since 2006, selling rice, maize, flour, and beans. She works at the business for 10 hours per day, 6 days per week. Sharifa currently earns about US$200 from her business. She is requesting a loan of US$350 in order to buy more inventory. In the future, she plans to increase the quantity and range of her goods. Sharifa thanks you for her support!
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 micro leasing 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.