A loan of $475 helped to buy groceries in bulk.

Faraja S.'s story

Mambo (Greetings!) from Tanzania! This is 30-year-old Faraja C. from Mbeya. She is single with three children between the ages of seven and 12. Faraja has been running a grocery business since 2006. Her business is to purchase items wholesale and sell them on a retail basis. She works at the business for 16 hours per day, 7 days per week and is assisted by one employee and one family member. Faraja currently earns about 70 USD a month from her business. She is requesting a loan of 450 USD in order to buy more drinks in bulk. In the future, she plans to move the business to a better location, to increase her stock and to open a new business. Faraja 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

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Loan details