Is the government aware of SE?
Victoria Kisyombe, Sero Lease and Finance Association (SELFINA) and Sero Businesswomen’s Association (SEBA) www.serolease.com Tanzania
In Tanzania, where 75% of the population live in rural areas, and 33% live below the poverty line, most enterprising individuals do not have scarce working capital to buy equipment upfront. Victoria Kisyombe recognized that the capital outlay to buy assets and equipment for small businesses is difficult even on a microfinance loan and thus pioneered the leasing of fixed assets to women, which has led to the development of more than 18,000 value-added businesses and wealth creation. SELFINA’s clients, 60% of whom are in rural areas, become eventual owners of leased equipment and can use it as collateral for further borrowing.
Funded by the Finnish Government. ICT Centered.
Selling products that improve quality of rural life.
A good play to get a sense of the start-up space, funders etc… in East Africa
Company that uses SE thinking (social business)