Mambo (Greetings!) from Tanzania! This is 37-year-old Mariam M. from Mbeya. She is single and has children aged of 16 and 19. Mariam has been selling firewood since 2005. She buys buying trees and then chops the firewood and selling it.
She works at the business for 9-12 hours per day, 7 days per week. Mariam currently earns about $260 USD each month from her business. She is requesting a loan of $625 USD to purchase more trees for making firewood. In the future, she plans to open the same business at a new location. Mariam 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 microleasing 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.