A loan of $400 helped to buy more items such as rice, soup, beans, cooking oil and flour.

Agnes's story

Mambo from Tanzania! This is 30-year-old Agnes M. from Mwanza. She is married with 3 children between the ages of four and nine years old. Additionally, she is responsible for supporting one dependent because their parents do not take care of him. Agnes has been running a general store since 2008. She owns a small duka or neighborhood shop in the city where she sells common household and grocery items. She works at the business for 12 hours per day, 6 days per week. Agnes currently earns about 120 USD from her business. She is requesting a loan of 400 USD in order to buy more items such as rice, soup, beans, cooking oil and flour. 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

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Loan details