Where We Work Tanzania
Get facts about poverty in Tanzania and learn how we empower its people to work their way out of poverty and build a safety net for the future.
Despite growth resulting from gold production and tourism, Tanzania remains one of the most impoverished countries in the world. Approximately 36% of Tanzanians live below the poverty line. Yet the country’s economic potential is unmistakable.
One out of every three Tanzanians is self-employed, indicating a high level of microenterprise activity. Only 20% of the population, however, has access to a formal bank within an hour’s walking distance of their home. Recognising this great need, we started working in Tanzania in 2007 to support people withe the financail services they need to build sustainable and secure livlihoods.
Agricultural Finance: Only 4 percent of people in rural areas have a bank account and, while 70 percent of Tanzanians earn some income from growing and selling crops, only 1 percent has ever used a loan to buy seeds, tools or fertiliser. Our Agricultural Finance programme empowers and equips some of Tanzania’s most marginalised rural communities in the South Corridor, a region that accounts for the majority of the country’s agricultural activity and has high potential for increased food production.
Opportunity International’s work and expansion in Tanzania offers hope to people who have never before had access to formal financial services.