News & Press

Dar es Salaam, September 25, 2019: Tanzania’s fastest-growing Bank, FINCA Microfinance Bank and the Sustaining Health Outcomes through the Private Sector (SHOPS), a USAID’s flagship initiative in private sector health has signed a contract in a partnership that will enable FINCA to lend small loans of from TZS 500,000 to TZS 5,000,000 to a more than 1,000 dispensers who are under SHOPS plus project named Accredited Drug Dispensing Outlet(ADDO’s).

Dar es Salaam, Sept 29th, 2018 – Tanzania’s fastest-growing Bank, FINCA Microfinance Bank has today premiered a business competition TV program which seeks to empower micro-entrepreneurs by providing business skills, knowledge and later pump over TZS 10 Million to the best business idea presented.

“I remember owning a poultry business only 18 years ago, look at me today, I run one of the most successful schools in Morogoro town with more than 900 pupils” explains Yustina Mdoe, owner of Top Star Primary School and FINCA’s renowned client who is also happy with financial solutions the Bank is offering her since she joined.

Dar es Salaam, March 2nd 2018: FINCA Micro-Finance Bank, a leading financial institution in Tanzania is marking its 20 years of serving and creating impact in Tanzania. The bank was established in 1998 as a microfinance institution providing loans to SME’s and entrepreneurs and has now evolved into a full-fledged bank that offers innovative products and services.

According to the 2014–2016 Tanzania National Financial Inclusion Framework the level of formal financial access in the rural areas of Tanzania is 8.5% compared to 23% in the urban areas and totally excluded rural population is 60% compared to 45% in urban areas.