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).
FINCA Microfinance Bank gives out more than Tsh 10 Million to Micro-business owner through ‘Kuza Ofisi na FINCA’ Competition
Bugingo Emmanuel has emerged winner of business competition Kuza Ofisi na FINCA and wakled away with 10 million shillings after a three month long competition and over one thousand aspirants 4 finalists presented their business plans to a panel of judges and voted by the public.
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.
FINCA Microfinance Bank to give out more than 10 Mil to Micro-business owners through ‘Kuza Ofisi na FINCA’ Competition
Dar es Salaam, June 26th, 2018 – Tanzania’s fastest-growing Bank, FINCA Microfinance Bank has today announced the launch of a three-month program and competition 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.
Hundreds of thousands of low-income people in Tanzania have gained access to financial products including Savings, Credit and Money Transfers, locally and international through leveraging on technology which brings Financial Services closer to the unbanked, particularly in peripheral areas of Tanzania.
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.
Dar es salaam, Tanzania, February 16th 2018, Efforts to bolster digital financial inclusion in Tanzania and indeed other countries in Africa have received a shot-in-the-arm following a productive conference organized by FINCA Micro-Finance Bank Tanzania in partnership with and the Mastercard Foundation.
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.
5th September 2017, Dar es Salaam: Access to financial services in rural areas has become increasingly challenging, with various stakeholders including the government seeking various ways to ensure reliable financial services reach targeted audiences.