By Ian Haisley | VP, Interactive Marketing
Rich in natural resources, southern Tanzania is the country’s most fertile region and is ripe for agricultural development. Opportunity Tanzania is making financial services accessible to its clients so they can take advantage of the high-potential land at their fingertips.
Although its low population density makes brick-and-mortar banking cost-prohibitive, the high incidence of cell phone usage among the rural population indicates that mobile banking would be a very viable solution. 190 loans have already been disbursed in southern Tanzania, through six cost-effective delivery channels that take the place of physical buildings.
Financial training is growing as well, with a 9% growth in outreach from 2012. Over 9000 clients are benefiting from resources such as new financial literacy training modules that are developed in the local language, Swahili, and distributed to Trust Groups. Opportunity Tanzania officers are also testing a pilot Individual loan product for clients who graduate from Trust Group loans. Opportunity’s outreach to smallholder Tanzanian farmers was just launched in 2014 and has already accomplished so much — and it’s only getting started.
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