SELFINA, founded in 2002, pioneer of micro leasing in Tanzania.
Founded in 2002, SELFINA has taken a lead role as a pioneer of micro-credit in Tanzania through micro-leasing with particular attention to widows and young girls. Customs and traditions in this African nation normally make it difficult for women to own land and assets, resulting in many women being considered not credit worthy by financial institutions in the country as they lack tangible collateral assets. In the past 11 years SELFINA has economically empowered more than 25,000 women with a total credit worth 25 billion Tanzanian Shillings [approximately $16 million US dollars]. Over 200,000 lives have been impacted through the benefits accrued. Women are now owners of their own businesses and more than 125,000 jobs have been created.Founded by Dr. Victoria Kisyombe, who was widowed but made good use of Sero, a cow left behind by her late husband as a productive asset to generate income. From this experience and also as an inspiration to fellow women, she went on to create Sero Lease and Finance Ltd (SELFINA).
SELFINA’s mission is to increase the incomes and employment of women who own micro enterprises in Tanzania, by helping them and their businesses grow, develop and reach long term sustainability as described below:
- To be a major provider of micro financing to Tanzanian women all over the country
- To empower women economically by supporting their efforts in enterprise development as financial intermediary.
- To develop women’s capacity capability to assertively and completely participate in business
- To achieve operating levels that will ensure sustainability and expansion to cover all regions of Tanzania
- To be a credible and reliable micro finance institution[MFI] partner to banks and other financial institutions.
SELFINA is proud to have facilitated the growth of the beneficiaries as businesswomen through sharing best practices with other women and other organizations inside and outside the country. In doing so we are making a significant contribution to poverty alleviation initiatives in Tanzania where the GDP per capita is US$ 474.
The staff of SELFINA led by Dr. Victoria Kisyombe, is composed of a nationwide staff who supports the SELFINA mission daily. In doing so, they are creating a generation of self-employment and job creation. Sero Lease and Finance Limited [SELFINA] was incorporated in April 2002 as indigenous MFI to assist women to build a solid economic base for themselves and for their families as a practical way to achieve economic and social inclusion of women in daily life.
About Dr. Victoria Kisyombe
Meet our Founder and Managing Director, trailblazing champion of women's financial empowerment, recognized worldwide for her social impact.