FINCA helps Tanzanians living in poverty access financial services to improve the quality of life for themselves and their families.
$25.4M LOAN PORTFOLIO
$713 AVERAGE LOAN
2 FINCA VENTURES INVESTEES
1998 YEAR FOUNDED
After an unexpected tragedy, FINCA was there to help Jesca, her family, and the 3 siblings she was left to care for. Read her story.
Individual Loans, Small Group and Solidarity Loans, Rural and Agriculture, Savings, Insurance, Remittances and Money Transfer, Energy, Agriculture
Tanzania’s national economy has outperformed many of its neighbors and the country enjoys overall peace compared with some other countries in the region. Yet, the benefits of its peaceful economy have failed to reach the 28 percent living in poverty in the country.
Tanzania, along with much of sub-Saharan Africa, is on the verge of a crisis. By 2035, the International Monetary Fund estimates the number of Africans joining the working age population will exceed the rest of the world combined. To fill this surge, 18 million new jobs will have to be created each year for the next 20 years across sub-Saharan Africa. In the meantime, Tanzanians rely on the informal sector for a chance to earn a living. In addition, access to basic services, like energy, water and sanitation, education, health care and agriculture, is often inadequate.
When poor people have access to financial services and life-enhancing products, they can earn more, build their assets, create jobs and cushion themselves against external shocks. Since 1998, FINCA has been helping thousands of Tanzanians improve their lives. FINCA offers financial services, such as loans, savings and microinsurance throughout the country, and supports access to basic services through FINCA Ventures.
28.2% LIVING BELOW POVERTY LEVEL 2
$2,948 ANNUAL PER CAPITA INCOME 3
53% FINANCIALLY EXCLUDED 4
Bagamoyo Road Plot No. 34, 8th Floor, TAN House
P.O. Box 78783
Dar es Salaam, Tanzania
+255 22 221 2200
Fax: +255 22 217 2454
1Information is updated on an annual basis
2Poverty headcount ratio at national poverty lines (% of population)
3GDP per capita, PPP (current international $)
4Adult population lacking account at a formal financial institution