• 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. 

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 DIAMOND TRUST BANK (DTB)– ZANZIBAR

DIAMOND TRUST BANK (DTB)– ZANZIBAR

TITLE

DIAMOND TRUST BANK (DTB)– ZANZIBAR

 

SUMMARY

DTB’s services target SME sector and it is committed to enhancing convenience for customers.

ABOUT DTB BANK

 

 

 

Diamond Trust Bank (DTB) is an affiliate of the Aga Khan Development Network (AKDN), operated in East Africa for over seventy years. Listed on Nairobi Securities Exchange, DTB is a leading regional bank which offers its financial services in Kenya, Uganda, Tanzania and Burundi.

DTB’s focus on the SME sector and commitment to enhancing convenience for customers through branch network expansions driven the Bank’s growth in recent years. With over 130 branches in Kenya, Tanzania, Uganda and Burundi, some which are 24/7 digital branches, DTB is committed to enabling people to advance with confidence and success. The Bank’s heritage and values are articulated in its brand promise, archive more and brought to life through an engaged diverse workforce.

 

 

Loans provided

 

1.    SME Loans

SME loan provides cash to meet SME business working capital needs in day-to-day business operation costs e.g. purchasing of raw material for production and stocks for resale.

 These credit facilities specifically designed to suit needs and goals of small & medium enterprises (SMEs) in Tanzania.

 

Features

  • Flexible loan repayment period
  • Flexible and affordable interest rate
  • Free business advisory
  • Quick processing to help customer meet the deadlines

 

Benefits

  • Expert advice on trade finance needs for the SMEs
  • Dedicated relationship managers for guidance in the application process.

 

2.    Home loans

 The purpose of this loan is to finance construction, purchase and renovation of residential houses and apartments. An all-inclusive mortgage product designed to meet the needs of home loans in Tanzania.

 Loan features

  • Financing up to 75% of property value
  • Mortgage period up to 10 years
  • Minimum credit limit is TZS 50 million and maximum is TZS 500million
  •  Interest rate 20%

 For more info

https://diamondtrust.co.tz/borrowing/sme-loans

Contact Details

DTB Bank
Zanzibar Branch
Email: customercar@diamondtrust.co.tz
Zanzibar Tanzania

website: https://diamondtrust.co.tz
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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