• Tanzania
  • Resources
  • Access to Finance
  • Access to Capital
  • 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. 
angle-left SME Impact Fund

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
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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