AccessBank Tanzania Ltd.
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
Investment field
Financial Institutions
Activity
Microfinance Institution
Organisation
AccessBank Tanzania Ltd.
Website
https://accessbank.co.tz/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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