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Financial products for farmers and service providers report: Tanzania

Author: Farm Mechanization and Conservation Agriculture for Sustainable Intensification (FACASI)
Year: 2015
Abstract: Tanzania has a total population of 50.7 million. As per the African Economic Outlook despite high economic growth averaging 7% over the past decade, about 28.2% of Tanzanians are poor, and poverty remains more prevalent in rural areas than in urban areas. Fin Scope Tanzania 2013 reports that the number of people who are financially excluded has seen a significant drop in 2013. Around 11.7 million people were financially excluded in 2009, this number has almost halved in 2013. This is mainly due to a rise in the usage of mobile financial services. Around 99% of the Tanzanian adult population is aware about mobile money and 45% of them are using it actively. The main financial institutions in Tanzania constitute commercial banks, licensed financial institutions (micro-finance institutions), and development banks. The principal providers of financial services to the poor and low income households in the rural and urban areas of Tanzania consist of licensed commercial banks, regional and rural unit banks, savings and credit cooperative societies, and several NGOs whose microcredit delivery operations are funded and supported by international donors.
Format: PDF
Language: English
Publisher: CIMMYT
Copyright: CIMMYT manages Intellectual Assets as International Public Goods. The user is free to download, print, store and share this work. In case you want to translate or create any other derivative work and share or distribute such translation/derivative work, please contact indicating the work you want to use and the kind of use you intend; CIMMYT will contact you with the suitable license for that purpose.
Type: Report
Place of Publication: Tanzania
Pages: 24 pages
Agrovoc: FARMS
Agrovoc: LOANS

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