Kigoma, Tanzania Access to reliable and affordable energy is crucial for better health, improved education, and greater economic opportunities. Unfortunately, many Tanzanians still struggle to access such energy. The Tanzania Association of Microfinance Institutions (TAMFI) and its members, such as TANERELA, are stepping up…
Baranga village, Butiama District. Nyang’oko Chacha Mlangalu’s life has been transformed by the micro renewable energy financing project initiated by TAMFI. The project has enabled her to improve her small-scale business and increase her income. Before the project, Nyang’oko faced numerous difficulties due to…
Musoma, Tanzania Small-scale farming is the backbone of Tanzania’s economy, with over 80% of the population engaged in agriculture. However, small-scale farmers in Tanzania face significant challenges, including high operating costs, limited access to finance, and unreliable energy sources. The alternative energy project advocated…
Key Challenges Solutions Difficulty in obtaining funds for borrower seminars Government or international organizations could provide grants or funding for borrower seminars to educate borrowers on the benefits of renewable energy and responsible borrowing. Sourcing reliable companies for borrowers to buy equipment Microfinance institutions…
My name is Neema Yahaya, and I am a 26-year-old small business owner and mother of three from Kigoma-Nyanzele. Thanks to the Tanzania Association of Microfinance Institutions (TAMFI) and TANERELA MFI, I have benefited from a renewable energy project that has transformed my business…
Musoma Enokwe Finance Limited (EFL) is leading the way in empowering the agricultural sector in Musoma with decentralized renewable energy financing, setting the standard for Tanzania. Based in the Musoma Rural District of the Mara Region, this small financial institution has established itself as…
Peter Mushi is among the 24 outstanding entrepreneurs shortlisted for the 4th Citi Micro-entrepreneurship Awards(CMA) in Tanzania Business: Mini Supermarket Financier: HP Microfinance Location: Chamanzi, Dar es salaam If you have a job that does not pay your worth, just quit and start your…