A loan of $450 helped to purchase additional stock of traditional African cloth.

Khadija's story

This is Khadija M. who is 50 years old. She is a widow with two grown children. She has two other dependants who depend on her because their parents cannot take care of them. She has been selling traditional African cloths called vitenge and kanga for about 5 years now. Khadija buys the traditional African cloths from the wholesaler and then she resells them. Currently she is making a monthly profit of about $90 USD. Khadija is requesting a loan of $450 USD to purchase additional stock of traditional African cloths. In the future, she plans to increase the quantity and range of the 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