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Mambo (Greetings!) from Tanzania! This is 38-year-old Happiness M. from Dar es Salaam. She is married with two children ages two and seven years old. Happiness has been running a pharmacy since 2001. A pharmacy in Tanzania is traditionally a small store that has many glass shelves in which a variety of medicines are displayed, from antibiotic soap to malaria medicine. She works at the business for 13-16 hours per day, six days per week and is assisted by her husband. She is requesting a loan of 750 USD in order to increase her inventory. Happiness thanks you for her 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.

About Tanzania

  • $1,900
    Average annual income
  • 26
    View loans »
    Tanzania Loans Fundraising
  • $16,172,650
    Funds lent in using Kiva
  • 1,339.0
    Tanzania Shillings (TZS) = $1 USD