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.
FINCA Tanzania has won 2nd place in the Trade and Investment support category in the recently concluded 41st Dar es salaam International Trade Fair famously known as the Sabasaba Trade Fair.
Last year, the Bank in Tanzania signed a one year sponsorship deal contract worth of over TZS 5 Million with Dar City Football Club (Dar City FC), champions of the 2016/2017 Second League Division in Tanzania. The sponsorship was mainly to enable Dar City FC to compete in the forthcoming league fixtures smoothly but also to enhance the Bank’s brand image penetration.
Benki ya FINCA Microfinance ilianza kama taasisi ndogo ya kifedha hapa nchini ambayo ilikuwa ikijulikana kwa jina la FINCA Tanzania MFC Limited maarufu kama FINCA.
FINCA International Launches Socially-Responsible Investment Subsidiary – FINCA Microfinance Holdings, LLC – with IFC and Other Global Microfinance Investment Partners (KfW, FMO, responsAbility, and Triple Jump)