Cooperatives Rural and Development Bank (CRDB) - 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.

Cooperatives Rural and Development Bank (CRDB)

About the institution	CRDB bank is a financial services provider in Tanzania. The Bank offers Corporate, Retail, Business, Treasury, Premier, and wholesale microfinance services through a network of 260 branches, 551 ATMs, 18 Depository ATMs, 12 Mobile branches and 1184 Point of Sales (POS) terminals. More
	*List of products provided*
	Brief description of the loan	WAFI loans are special and unique, established specifically for professional and nonprofessional women entrepreneurs so as to give them unique treatments. The loan target to assist the women through minimum interest rates, effortless requirements and trouble-free conditions.
Women Access to Finance Initiatives (WAFI)	Interest rate	18-20% per year
	collateral	Car or untitled house
	Amount	2,000,000-50,000,000 Tsh.
	Grace period	No
	Duration	36 months
	Repayment terms	Monthly
	Requirements	Must have an active account for the past 3 months
	Contact	Contacts: CRDB Bank; P.O. BOX 268; Dar es Salaam; Website: https://crdbbank.co.tz; Phone: +255(0) 755197700.

[1] CRDB Bank: https://crdbbank.co.tz

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

Cooperatives Rural and Development Bank (CRDB) - Tanzania

Access to Capital