• Tanzania
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  • 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. 

Tanzania Agricultural Development Bank (TADB)

offers agricultural Value Chain Loans

Vision Fund Micro Finance Bank Tanzania

VFT MFB BANK LTD provides affordable loans to small and large business owners and farmers.

Tanzania Agricultural Development Bank (TADB)

is a State-owned Development Finance Institution (DFI) providing loans to agricultural entrepreneurs.

SME Impact Fund

gives loans to agribusiness entrepreneurs in Tanzania focusing on those who are already in business

National Micro-Finance Bank (NMB)

provides a range of banking services to various clients

Tanzania Postal Bank (Tpb)

provides a collateral free loan to women who save with the Bank's Tabasamu Woman Account

Cooperatives Rural and Development Bank (CRDB)

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...
angle-left BRAC Zanzibar

BRAC Zanzibar

TITLE

BRAC-ZANZIBAR

About BRAC

BRAC started its work in Tanzania in 2006, with microfinance and livelihood development programs, creating opportunities for the poor in agriculture, livestock, and poultry; Its health care programs preventing illness and treating thousands of Tanzanians and its empowerment and livelihood for adolescent’s club placing a special emphasis on the country’s youth. Apart of having many programs, BRACs’ microfinance is the oldest program that provides collateral-free loans to mostly poor, landless, rural women, enabling them to generate income and improve their standards of livings.

Microfinance loan

Micro-finance loan: One of the program that BRAC provides to women entrepreneurs is micro-finance loan. This program operates within four areas of urban west region in Zanzibar provides loan to a group of women who engage themselves in entrepreneurship.

Loan information:

Interest rate

18% for loans that run for more than 20 weeks

25% for 40 weeks

collateral

free

Grace period

Not applicable

Duration

Not more than 40 months

Repayment terms

Monthly/daily/weekly

Requirements

Save up to 10,000 with the institution

Loan amount

From 300,000/- to 5,000,000/-

Eligibility

  • Should be a female aged 18 -62 years.
  • Should live within the area where the program run.
  • Should have low income.
  • Should be informal trader.
  • At least three years of residence where the program runs.
  • Able to attend training

Contacts

BRAC - Zanzibar Branch
 P.O. Box 2635
Mwanakwerekwe, Zanzibar
Tel: +255 758 838 216
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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