EFTA Tanzania

Context :

Tanzania is an East African country characterized by a developing economy where agriculture employs approximately 651,300 of the working population. The country possesses significant natural resources, including mineral reserves, and considerable tourism potential thanks to its national parks and Mount Kilimanjaro. Despite relatively stable economic growth in recent years, Tanzania faces significant challenges in poverty reduction, particularly in rural areas where access to financial services remains limited for a large portion of the population.

The institution:

EFTA (Entrepreneurs Financial Trading Association) Tanzania is a microfinance institution operating in Tanzania with the aim of serving entrepreneurs and small businesses with limited access to traditional financial services. The organization has developed to meet the specific needs of Tanzanian micro-entrepreneurs, with an emphasis on financial sustainability and social impact.

Impact :

EFTA Tanzania's mission is to promote inclusive economic development by providing tailored and accessible financial services to low-income entrepreneurs. The institution offers a range of microfinance products, including loans to micro and small enterprises, savings services, and financial literacy training. EFTA distinguishes itself through its client-centric approach and its commitment to supporting the growth of local businesses, thereby contributing to job creation and improved living conditions in the communities it serves.