Tanzania

Africa

Statistics
1

126,013
Clients
$30M
Loan Portfolio
$518
Average Loan
26
Service Outlets
1998
Year Founded
 

Featured Testimonial

Jesca Makumbi

"I’m so proud to be part of FINCA family, and I believe without FINCA loans, my family life wouldn't be the way it is today. Every member in my family is proud to be part of FINCA because they cherish our success.”

Products & Services

Individual Loans
Village Banking Loans
Small Group / Solidarity Loans
Agricultural Loans
Savings

Facts about Tanzania

Tanzania’s national economy has outperformed many of its neighbors through the recession. Yet the benefits have failed to reach the more than one-third of citizens living in poverty. Most of the workforce is rural and engaged in agriculture. Creating new opportunities is vital to reducing unemployment, which affects women and youth disproportionately.

Founded in 1998, FINCA Tanzania recently became the first micro-finance institution in the country to be granted a micro-finance banking license, allowing it to mobilize savings from both clients and the general public. With 26 branches, it serves urban and rural clients throughout the country. Its three main loan products—Village banking, small group and individual loans—support small businesses of all sizes and have enabled Tanzanians to branch out into manufacturing and services to foster a more diverse economy.

36%
Living below Poverty level
$1,600
Average Annual Income
83%
Financially Excluded 2

1 Information is updated on a monthly basis.
2 Population lacking account at formal financial institution.

 

Contact

 
Head Office
Plot 84, Morogoro Road, Magomeni Mwembe chai
P.O. Box 78783
Dar es Salaam, Tanzania

 

 

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