Zainabu Rashid, 22, lives in outskirts of Dar Es Salaam, Tanzania, and is the owner of her own hair salon in the village and a member of the Upendo Hisa savings group.
When Zainabu left school, she found it hard to get a job. An aspiring hairdresser, she didn’t have a fixed income or the support to start her own business. Encouraged by her friends to join a Banking on Change savings group, she saved to rent a small salon and took a loan from the group to buy the equipment she needed. She now earns around $9 per day and plans to expand her business by opening more salons.
Zainabu met Bill Clinton when he visited the Upendo Hisa savings group to see first-hand how they had established a savings culture, which combined with financial and small business training, had enabled many to establish micro-enterprises.