AccessBank Tanzania Ltd.

Equity : August 2007 - September 2014

BIO invested a founding equity stake in AccessBank Tanzania (ABT), a microfinance bank created by the German microfinance holding AccessHolding with the support of its technical partner LFS.

Amount

€ 620,000.00

Type of investment

Equity

Beneficiary locations

Sub-Saharan Africa: Tanzania

Investment field

Financial Institutions

Activity

Microfinance Institution

Organisation

AccessBank Tanzania Ltd.

Domicile

Tanzania

More investments in

AccessBank Tanzania Ltd.

  • Equity € 145,000.00 (2009-2014)
  • Debt € 1,500,000.00 (2009-2015)
  • Equity € 274,000.00 (2010-2014)
  • Equity € 225,000.00 (2012-2014)
  • Equity € 425,000.00 (2013-2014)
  • Subsidy € 100,000.00 (2007-2017)
  • Subsidy € 13,700.00 (2012-2012)

AccessBank is a microfinance bank offering loans, deposits, money transfer and other financial services to privately-owned micro and small enterprises and their owners, as well as the general lower income strata of the Tanzanian population.

The Bank started its activities in November 2007, focusing initially on providing credit to micro-entrepreneurs and accepting deposits from the general public. Chequebooks, money transfer, small enterprises loans and payment cards are the major products offered by the Bank. The use of mobile phone transfer and payment service, offered in cooperation with Vodacom Tanzania (“M-Pesa”), for loan repayment purposes is currently in a pilot phase.

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