Key facts:
- Loan amount: US $29 million
- Approval date: May 10, 2010
- Date of last disbursement: December 31, 2015
- Beneficiaries: Rural entrepreneurs through the Government of Tanzania
Tanzania has seen significant economic growth in recent years, thanks in part to support from the African Development Bank. The Small Entrepreneurs Loan Facility (SELF) financed by the Bank has provided a boost to the country’s rural entrepreneurs and has contributed to reducing poverty in the country, creating jobs and improving lives. The loan facility provides US $29 million support to entrepreneurs.
Key facts:
The overall goal of the Small Entrepreneurs Loan Facility (SELF) project is to contribute to reducing poverty in Tanzania. The objective of the project is to improve access by the poor, especially in rural areas, to financial services, and to enable them engage in viable income-generating activities.
The Impacts
Capacity building training provided to 16,720 people:
Loans provided to 105,788 beneficiaries through 432 MFIs (250 located in rural areas, 60 in peri-urban and 122 in urban areas.):
The project covers 101 districts out of targeted 141 districts with loan services (by June 2015)
Capacity of MFIs enhanced
Job creation
Improved livelihoods
Increased incomes for entrepreneurs have been translated to:
Sustainability