A loan of $750 helped to increase inventory.

Agness's story

Mambo (Greetings!) from Tanzania! This is 42-year-old Agness B. from Dar es Salaam. She is married with one dependent who is staying with her because the girl is attending school nearby. Agness has been running a drink stall since last year. It is said that Coca Cola is one of the most recognized symbols in the world, and it’s true. Even in the most remote villages in Africa, there is usually some kind of shop selling Coke, Fanta, and Guiness. The hot weather makes soft drinks all the more appealing; a very cheap marketing tool! All of which explains why selling drinks is such a popular venture, whether you’re the CEO of Coca Cola, Ltd. in the United States or a micro-entrepreneur in Tanzania!

Agness works at the business 13-16 hours per day and is assisted by two employees. Agness currently earns about 200 USD a month from her business. She is requesting a loan of 775 USD in order to increase her inventory. Agness thanks you for your support!

SELFINA has taken a lead role as a pioneer of micro-credit through micro-leasing in Tanzania. The organization is engaged in the economic empowerment of women and uses 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 deemed non-creditworthy by financial institutions. This leads to poor access to basic needs and services for women with low incomes. One of the primary advantages of micro-leasing 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.

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Loan details