The Impact of Your Support
Opportunity Tanzania undertook extensive restructuring over the past year to increase its effectiveness and provide clients the services and products they need to help lift themselves out of poverty. Armed with tighter policies and procedures, the dynamic management team transformed the business, making it more efficient and sustainable. Opportunity Tanzania achieved outstanding turnaround progress during 2011:
Opportunity Tanzania is seeking to accomplish the following during 2012:
Currently, Opportunity Tanzania serves clients through three hub branches: Ilala in Dar es Salaam, Arusha and Moshi; and two satellite branches: Tengeru (Arusha satellite) and Himo (Moshi satellite).
Macro-economic issues in Tanzania impact the poorest families
The country’s economic position is expected to strengthen in 2012 as the government implements its new five-year development plan. Yet the high inflation rates in Tanzania continue to hit those living in poverty the hardest, leaving our clients to struggle with the rising cost of fuel, food and other household supplies. Inflation is projected to remain at or above 9% in 2012. Our clients and their families deal with the effects of inflation daily. They can be the difference between two meals a day or only one. They dictate whether children can be sent to school or must be kept at home.
Targeted training positions our staff to empower others
Opportunity Tanzania is equipping staff with the right tools to build technical skills and foster personal growth with major emphasis placed on the mission and values of Opportunity. Tanzania staff recently participated in the following professional development opportunities:
Protecting Clients from Unexpected Losses
Opportunity Tanzania provides all loan clients with credit, life, funeral, health and natural calamities insurance. Opportunity International’s insurance subsidiary, MicroEnsure launched its first health insurance program in Tanzania in 2010, with a second product targeting rural coffee farmers in 2011. MicroEnsure has accomplished strong growth in Tanzania and reached a milestone of 600,000 lives covered. Significant progress has been achieved over the last year, including:
Thanks for all your support that makes the continuing work in Tanzania possible!
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