BRAC-ZANZIBAR - Tanzania

Quick information guide

According to UNESCO, Tanzania has:

77.89% of adult literacy
83.2% of male literacy; and
73.09% female literacy

Tanzania is making progress in the area of adult literacy and laid the groundwork for opportunities in financial literacy:

For businesswomen who want to build their capacity in financial literacy, there are opportunities provided by different organisations in:

Money control
Business planning
capacity building on money use,
Loan repayment
Basic financial management
Budgeting and budget management
Guiding principles for effective financial management and reporting
Ethics, internal controls and compliance in financial management
Methods and practices for effective financial reporting

Opportunities for financial inclusion in Tanzania:

Digital financial services
Development of new products and services of particular interest to women

Financial Literacy

An estimate of 42% of women only are likely to borrow from banks compared to 56% of men. This gap in access to capital is attributed to lack of skills in Tanzanian women.

There are other reasons that contribute to this financial inclusion gap including: social norms, low literacy, and numeracy levels. Consequently, women hardly earn enough profit when they do business.

Financial Literacy is needed for women to do business efficiently it would equip them with a range of skills much needed.

College of Business Education (CBE)

offers short and long term courses with of focus on taxation, entrepreneurship and payments

MS Training Centre for Development Cooperation (MS TCDC)

provides a range of short courses in financial literacy to various groups of people

BRAC-ZANZIBAR

About BRAC	BRAC is a Non-Government Organization which focuses on supporting microfinance and livelihood programs for women entrepreneurs across the world.
ENROLLMENT PROCEDURE	Eligibility Criteria Applicant must be a female aged 18 -62, 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.
Areas of Training	Money control Business planning and capacity building on money use, repayment
Training Duration:	The training duration is three weeks
LINKS	https://www.bracinternational.nl/en/our-impact/#aStories
ADDITIONAL SERVICES	Loans: BRAC provides soft loans and networking connections to women entrepreneurs in Zanzibar. Agri-finance programs: BRAC support women entrepreneurs by providing loans (from TZS 2 million – 25 million) and technical assistance. Small enterprise programs: BRAC also support group of women to joining this program in order to establish business in SME
EVENTS	BRAC conducts Inclusive Diversity Management Campaign event (IDMC) conducted annually
CONTACTS	BRANCH MANAGER P.O. Box 2635 Mwanakwerekwe, Zanzibar Tel: +255 758 838 216