Bank accounts could encourage savings groups to save more, says a Tanzanian survey. Financial service providers (FSPs) should make offering group savings accounts their first priority, if they want to build a sustainable, commercial relationship with this rapidly expanding market.
The Digital Field Automation (DFA) is an automated account opening and loan application program which has increased access to financial services for individuals and small business owners living in rural areas. The DFA was developed by FINCA Microfinance Bank Tanzania Limited in partnership with the Financial Sector Deepening Trust.
Mfumo Jumuishi – A model borne from the need to overcome constraints to financial & economic progress for smallholder farmers. Life of a smallholder farmer can be financially desperate and lonely as the smallholder farmer fends for themselves to make economic gains in a world of agriculture value chains and commodities that is increasingly cut-throat […]
Since 2004, when the Financial Sector Deepening Trust (FSDT) was formed, great strides have been made towards achieving our goal that all Tanzanians derive value from regular use of financial services which are delivered with dignity and fairness.
17 April 2020 – The Financial Sector Deepening Trust (FSDT) has contributed Tanzanian Shillings 225 million towards the National Relief Fund for COVID-19. This is to support the Government of the United Republic of Tanzania’s concerted efforts in dealing with the COVID-19 pandemic. The speed at which the virus is spreading is unprecedented, requiring the […]
Financial Sector Deepening Trust Tanzania welcomes £15m commitment from UK aid to initiate new phase of financial sector development.
Commitment comes as part of ambitious £320m UK aid package for strengthening Africa’s financial markets, to boost economic growth and reduce poverty at scale. 20 January 2020, London: The Financial Sector Deepening Trust (FSDT) Tanzania today welcomes a £15m commitment from UK Aid, part of a £320m package that will initiate an ambitious new phase […]
Financial inclusion, as defined by the World Bank, is when “individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way” (World Bank, 2017).
Vijana huchukuliwa kuwa ni soko gumu la kuhudumia kwa maana ya kutoa huduma za fedha, kwani wengi wao hawana Vitambulisho vinavyoweza kukidhi matakwa ya “Mjue Mteja Wako”, pengine hii inatokana na kiwango cha chini cha miamala inayosababishwa na viwangovyao vidogo vya ushiriki kiuchumi, hivyo kutokuwepo kwa faida zilizo dhahiri za uwekezaji kwa watoa huduma wengi.
They are considered a diffcult market to serve in terms of financial service provision, as many do not have sufficient ID to fulfil Know-Your-Customer requirements requirements, presumably low transaction volumes due to their low levels of economic engagement and as such an unclear return of investment for most providers.