16,4M€
Wallet
64 305
Number of beneficiaries
60,5%
Women beneficiaries
63,3%
Rural beneficiaries
Tanzania
Financial services
Funding granted
Loan of €2M*
(local currency equivalent)
Partner of the Foundation
since August 2023
*Outstanding at grant value
Context :
In 2023, Tanzania is in a phase of sustained economic growth, with reforms aimed at boosting investment and development. Agriculture plays a prominent role in the Tanzanian economy, contributing 30 billion to GDP and employing approximately 75 billion of the country's total workforce. Its strategic geographical location in East Africa makes it an important trading hub.
The institution:
VisionFund Tanzania is a Tier 2 microfinance institution established in 1996 by WorldVision, providing loans through group and individual methodologies. VisionFund Tanzania works with caregivers in hard-to-reach and impoverished areas so they can create a secure future for their children.
Impact :
VisionFund uses microfinance to improve the lives of children by providing low-income entrepreneurs with sustainable and integrated financial services that unlock their potential.