FINCA Microfinance Bank in Tanzania was the first microfinance institution in the country to be licensed by the Central Bank of Tanzania. FINCA Microfinance Bank is part of the FINCA Impact Finance global network of 20 banks and microfinance institutions that provide impactful and socially responsible financial services enabling low-income people to invest in their futures.
With 30+ years of experience and a mostly local staff of more than 10,000, FINCA Impact Finance delivers a double bottom line of commercial sustainability and positive social impact.
1985 – Establishment of FINCA International
The Foundation for International Community Assistance (FINCA) is established
1998 – Establishment of FINCA Tanzania
FINCA Tanzania is launched and begins providing microfinance solutions
2012 – Transformation to FINCA Tanzania M.F.C Limited
FINCA Tanzania becomes the first microfinance institution to be licensed by the Central Bank of Tanzania, becoming FINCA Tanzania M.F.C Limited.
2013 – Transition to Deposit-Taking Institution
FINCA Tanzania is licensed to offer banking services by the Central Bank of Tanzania
2014 – Launch of FINCA Express (Agency Banking)
2014 – Transition from FINCA Tanzania M.F.C Ltd to FINCA Microfinance Bank
2015 – FINCA Tanzania becomes a full-service bank
After 17 years of operations as a microfinance institution, FINCA Tanzania opens a new chapter as a full-service bank
2018 – FINCA Microfinance Bank marks 20 years of expanding financial inclusion and empowering the unbanked
With 20 years of operations in Tanzania, FINCA Microfinance Bank continues to be leader in the banking industry — offering digital financial solutions and tailor-made financial products and services: Savings and Transaction Accounts; Loans; Payments Solutions; and Fixed-Term Deposit Accounts.