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Tujijenge Tanzania Ltd - Training and microfinance for entrepreneurs and small businesses

Tujijenge Tanzania Ltd

Training and microfinance for entrepreneurs and small businesses

Tanzania

Equity

Partners in which Oikocredit has taken an equity investment.

Tujijenge Tanzania Ltd (Tujijenge) is a microfinance organization providing credit and financial training to entrepreneurs, group lenders, and small businesses.

Tanzania is in the bottom 10% of the world's economies in terms of per-person income. Nevertheless, the country is experiencing strong economic growth. There is a real demand for microfinance and an upgrade to the country's financial infrastructure.

With almost 20,000 clients, Tujijenge has both the reach and the know-how to help many families across Tanzania improve their lives. For this reason, Oikocredit has made an equity investment in Tujijenge.

Tujijenge's aim is to provide savings products besides its other services. They already offer mobile phone banking, whereby borrowers can repay their loans without having to travel. Group loans are taken out by business people who know each other and guarantee to form a loan group. The members of these groups receive financial training for a period of 4 weeks.

With loans and training from Tujijenge, entrepreneurs and small business can safeguard and grow their enterprises in farming, fishing and trade.

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