• Tanzania
  • Resources
  • Access to Finance
  • Access to Capital

Access to Capital

In Tanzania, the proportion of women with access to financial services is low compared to that of men due to several social-economical factors.This, in spite of the big role women entrepreneurs contribute to the national economy.

This financing gap has attracted the attention of development actors; they are advocating for a fair distribution of productive resources between men and women.

Some statistics

  •  51.2% of women access formal financial services compared to 63% of men
  • 17.1% of women hold accounts in financial institutions against 21.1% of men 
  • 27% of adult women own Mobile Phones as opposed to 38% of men 
  • 44% of the women use Mobile Money against 54% of men .

What can help to narrow the  gap ?

  • Ever growing Digital Financial Services; and the
  • Development of Women Specific Financial Products and Services. 
Financial institutions and loans in mainland is temporarily unavailable.

DIAMOND TRUST BANK (DTB)– ZANZIBAR

targets SME sector

NATIONAL BANK OF COMMERCE LIMITED (NBC) – ZANZIBAR

provides cash cover and group loans

Amana Bank Zanzibar

Islamic bank that offers loans and services that meet the needs of not only Muslims customers but everyone who wishes to apply for the bank services.

MELI NNE SACCOS

provides several financial products and services that target individuals and group members

Equity Bank- Zanzibar

has two different loans targeting business women

BRAC Zanzibar

provides loan to groups of women who engage in entrepreneurship

UWEZESHAJI SACCOSS

mobilizes savings from its members and in return provide credit-free facilities

50MAWSP origin

The African Development Bank partners with EAC, COMESA & ECOWAS Regional economic blocks to implement the 50 Million African Women Speak Networking Platform Project.The platform is intended to empower millions of women in Africa to start, grow, and scale up businesses by providing a one-stop shop for their specific information needs. Click on the image for more information