Mambo (Greetings!) from Tanzania! This is forty-three-year-old Salma M. from Mwanza. She is married with five children, between the ages of eight and eighteen. She is also responsible for supporting a young girl who is an orphan.
Salma has been running a poultry business since 2004. In her business she sells chickens as well as eggs. She works at the business for four hours a day, seven days a week with the assistance of two employees. Salma currently earns about $500 a month from her business. She is requesting a loan of $400 to buy more chicks which she will raise and resell. In the future, she plans to open another business. Salma thanks you for supporting her!
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, so 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 it allows clients to use their business equipment as collateral for future loans with SELFINA, which enables them to borrow larger sums in the future.