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

Lenders and lending teams

Loan details