AccessBank Tanzania Ltd.
BIO has provided ABT with €100K Technical Assistance to cover the costs of technical and management services provided by LFS during the start-up phase of the bank.
Amount
€ 100,000.00
Type of investment
Subsidy
Beneficiary locations
Investment field
Financial Institutions
Activity
Microfinance Institution
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.
View more of our investments in this region
Investment Companies & Funds
Afrigreen Fund
Cameroon, Côte d'Ivoire, Ghana, Mali, Nigeria, Senegal
23/02/2023
Equity
Investment Companies & Funds
Fefisol II
Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Kenya, Mali, Niger, Uganda
29/11/2022
Subsidy
