AccessBank Tanzania Ltd.

Subsidy : March 2012 - August 2012

BIO has provided ABT with €13.7K of Technical Assistance with a view to enhancing its business practices around client protection through clear and attainable strategic and operational recommendations.

Amount

€ 13,700.00

Type of investment

Subsidy

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 € 620,000.00 (2007-2014)
  • 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)

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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