A loan of $400 helped to buy more salon products like weaving, short hair, long hair and curly hair.


Elizabeth's story

Mambo from Tanzania! This is 35-year-old Elizabeth N. from Mwanza. She is married with three children between the ages of 6 and 14 years old. Additionally, she is responsible for supporting two dependents because their parents do not take care of them.


Elizabeth has been running a beauty salon since 2007. This is the place where you can buy long hair, short hair, curly hair, straight hair, red hair, blue hair, and then have it attached to your head, woven, cut, or braided, and made to look like your own. She works at the business for 12 hours per day, six days per week and is assisted by one employee.


Elizabeth currently earns about $300 from her business. She is requesting a loan of $400 in order to buy more salon products like weaving, short hair, long hair and curly hair. In the future, she plans to expand her business. Elizabeth thanks you for your support!


ABOUT SELFINA!


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


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Loan details