Social Issue

Despite the economic growth caused by gold mining and tourism, Tanzania remains one of the poorest countries in the world. Approximately 36% of Tanzanians live below the poverty line.

One out of three Tanzanians is self-employed, which indicates a high level of micro-business activity. However, only 20% of the population has access to a traditional bank and it is commonly an hour walk from home.

Our Response

BRAC Tanzania, the microfinance entity receiving the loan, has 30 branches spread across five regions: Dar es Salaam, Mwanza, Zanzibar, Arusha and Tanga.

Although it is a new organisation in Tanzania, BRAC has more than 40 years of experience in other countries serving the poorest from their local communities. 100% of its credits go to women, with special emphasis on those who are responsible for children in a precarious situation.

Expected Social Impact

It is expected that 2,964 microcredits can be offered annually with an average value of €87. The impact over the three years of the project is estimated at 8,892 microloans.