Access Bank of Tanzania Technical Assistance FAPA Grant


Project Summary

Approval Date 05 Aug 2009
Signature Date 02 Dec 2009
Planned Completion Date 31 Dec 2011
Last Disbursement Planned Date 31 Dec 2011
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 430,225.28
Status Completion

Project General Description

This operation involves a USD 660,000 technical assistance loan from the Private Sector Technical Assistance Fund (FAPA) to Access Bank of Tanzania (ABT). ABT is a new commercial bank specializing in microfinance whose mission is to provide financial services to low-income populations in Tanzania. The contribution of FAPA technical assistance, which represents 15% of the overall technical assistance envelope for the ABT, will be used to co-finance the capacity building of ABT in its first years of operation. More specifically, these funds will be used to finance the services of a long-term credit management consultant as well as short-term experts for the implementation of new information management systems and for staff training. Their use should cover the costs of these experts for the first three years of operation, after which they will be replaced by trained local staff.

Project Objectives

The project aims to support Access Bank of Tanzania (ABT) by equipping it with the capabilities of any other commercial bank to enable it to undertake all banking activities.

Beneficiaries

The project will directly benefit Access Bank of Tanzania (ABT) and beyond, to the low-income populations of the country.

Participating Organization

Funding
Fund for African Private Sector Assistance
Implementing
AccessBank Tanzania Ltd

Information

IATI identifier 46002-P-TZ-HA0-005
Last Update 31 Oct 2019

Export

Contact Details

Email fapa@afdb.org

Geographic Location

Country Tanzania, United Republic of