Funded

Total loan: $700
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Agnes

Tanzania
Dar es Salaam, Tanzania / Cosmetics Sales

A loan of $700 helped to purchase additional stocks of cosmetics.


Agnes's story

Mambo from Tanzania! This is 40-year-old Agnes M. from Dar es Salaam Tanzania. She is divorced with two children aged 17 and 20. Agnes has been running a cosmetics business since 2007. Her business is to sell different kinds of cosmetics such as perfumes, body spray, lotions and others. She works at the business for 9-12 hours per day, seven days per week and is assisted by one employee. Agnes currently earns about 200 USD from her business. She is requesting a loan in order to purchase additional stocks of cosmetics. In the future, she plans to open another business. Agnes 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.


Loan details

Loan length:

14 months
Disbursed date: February 25, 2009
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: February 25, 2009
Facilitated by Field Partner: Sero Lease and Finance Ltd. (SELFINA)