TANZANIA WOMEN’S BANK HISTORY
In 1999, a group of women entrepreneurs from all across Tanzania voiced their idea of having a “Women’s Bank” to the then President of the United Republic of Tanzania, Honourable Benjamin William Mkapa, at the Dar es Salaam International Trade Fair organized by the Equal Opportunities for All Trust Fund (EOTF) and Federation of Association of Women Entrepreneurs in Tanzania (FAWETA). With a focus on interests and policies that favoured women empowerment, these women’s wishes were granted by the government, who partnered with the Ministry of Community Development, Gender and Children (MCDGC); Ministry of Finance and the Bank of Tanzania (BOT) to facilitate the establishment of the “Women’s Bank”.
In 2007, eight years later, the Tanzania Women’s Bank (TWB) was created, incorporated and registered as a limited liability company with a shareholding structure comprising of 97% Government and 3% private individuals and entities.
TWB officially opened its doors to the public on the 28th of July 2009. With a passion and commitment towards female entrepreneurs, the Bank’s aim is to empower women economically and socially.TWB strives to provide high quality services all across the board, thus the Bank’s recognition and appreciation for the presence of low income earners, small businesses, the corporate clientele base, and Small and Medium Enterprises (SMEs).
At TWB we aim to deliver outstanding banking services and financial solutions. We aspire to appropriately address a range of problems and challenges faced by women entrepreneurs in accessing loans in various banking and financial institutions due to a range of reasons which include but are not limited to: high interest rates, lack of collateral and unavailability of financial services in rural areas.