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.
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.