Funded

Total loan: $775
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Gladness

Tanzania
Dar es Salaam, Tanzania / Education provider

A loan of $775 helped to purchase books and desks.


Gladness's story

Mambo from Tanzania! This is 40-year-old Gladness N. from Dar es Salaam. She is married with three children between the ages of 3 and 19. Additionally, she is responsible for supporting two dependents because they are orphans.

Gladness has been running a nursery school business since 2001. She works at the business for 9-12 hours per day, five days per week and is assisted by two employees. Gladness currently earns about US$300 from her business. She is requesting a loan to purchase books and desks. In the future, she plans to expand her business. Gladness 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.


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)