Mambo from Tanzania! This is 50-year-old Farida U. from Dar es Salaam. She is married with five children between the ages of 13 and 25. Farida has been running a poultry business since 1990.
Raising kuku is a popular micro-business in Tanzania, especially amongst SELFINA clients. Kuku means chickens in Swahili, and raising them for sale is popular for a number of reasons. First, they require little start-up capital. You can start with one or two and either add to them as you go, or wait for them to multiply naturally! Second, they require little space, so sometimes you can just let them run around in your garden or compound. Third, while they are growing they produce eggs, which can either be sold to provide a supplementary source of income or eaten to provide a supplementary source of protein.
She works at the business for six hours per day, seven days per week. Farida currently earns about US$300 from her business. She is requesting a loan to purchase chicks and feed. In the future, she plans to open another business. Farida 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 is allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.