SME Impact Fund - Tanzania

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.

SME Impact Fund

*SME Impact Fund*	SME Impact Fund provides loans and advices to SMEs in Tanzania who are involved in agribusiness.
About SME Impact Fund	SME Impact Fund support entrepreneurs in agribusiness. The Fund target agribusiness entrepreneurs who are already in business. Prior to giving the loans, the clients are visited and their business assessed to know viability and repayment capacity. Following the assessment result, the client is given advice on the best way to proceed with her/his business. In addition, clients are given training on business management
	About the loan provided
	Interest rate	Depends on loan amount, business risk profile and repayment time
	Collateral	Formal and informal securities
	Amount	100,000,000-1,000,000,000 TZS.
	Grace period	No
	Duration	Negotiable
	Repayment terms	Monthly
	Requirements	You are investing in agribusiness Your company processes or trades on agriculture commodities You have valid business license Your company is not a start –up Your turn over exceeds TZS 200 million per year You are committed and trustworthy entrepreneur Willing to be mentored
	Contacts	SME Impact Fund Kiwanja 45 Mtoni Road Arusha P.O Box 12257 Arusha Tel.: +255 788 239 839/+255 684 995 414 Website: www.smeimpactfund.com

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