Overview
FINCA Tanzania is a microfinance institution dedicated to enhancing financial inclusion and supporting economic development across the country. Established in 1998, it has grown to serve over 1 million clients, offering a range of financial products and services tailored to the needs of small businesses and farmers.
Key Services:
Loans: FINCA Tanzania provides various loan products, including individual loans, small group loans, and specialized loans for education, agriculture, and business expansion.
Savings Accounts: The institution offers multiple savings options, such as fixed deposit accounts and specialized accounts for children and youth, encouraging a culture of saving among its clients.
Mobile Banking: To enhance accessibility, FINCA Tanzania integrates mobile technology, allowing clients to manage their accounts, transfer funds, and access other services via mobile phones.
Agent Banking: Through a network of agents, FINCA extends its services to remote areas, ensuring that even clients in rural regions can access financial services conveniently.
Impact and Reach:
FINCA Tanzania operates over 20 branches and sales points nationwide, focusing on empowering entrepreneurs and farmers, particularly in underserved rural areas. The institution’s commitment to financial inclusion has significantly contributed to improving the livelihoods of its clients.