A loan of $250 helped to purchase hair products and cosmetics.

Saweda's story

Mambo from Tanzania! This is 24-year-old Saweda S. R. from Dar es Salaam, Tanzania. She is married with three children, between the ages of five and eight. Saweda has been running a beauty salon business since 2006. This is the place where you can buy long hair, short hair, curly hair, straight hair, red hair, blue hair, and then have it attached to your head, woven, cut, or braided, and made to look like your own.

Saweda works at the business for 9 to 12 hours per day, 6 days per week. Saweda currently earns about 100 USD from her business. She is requesting a loan in order to purchase hair products and cosmetics. In the future, she plans to expand her business. Saweda thanks you for your 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 it 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

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Loan details