Access Microfinance Bank Tanzania (AMBT), is a microfinance bank located in

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands ...

. It is licensed by the

Bank of Tanzania The Bank of Tanzania ( sw, Benki Kuu ya Tanzania) is the central bank of the United Republic of Tanzania. It is responsible for issuing the national currency, the Tanzanian shilling. The bank was established under the Bank of Tanzania Act 196 ...

, the central bank and national banking regulator.

Overview

AMBT is a

Microfinance Bank Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...

that focuses on the

micro-finance Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...

sector, serving micro,

small and medium-sized enterprises Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank ...

. AccessBank Tanzania is a member of the AccessBank Group, which is composed of microfinance institutions in Sub-Saharan Africa,

Central Asia Central Asia, also known as Middle Asia, is a subregion, region of Asia that stretches from the Caspian Sea in the west to western China and Mongolia in the east, and from Afghanistan and Iran in the south to Russia in the north. It includes t ...

, and

South America South America is a continent entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere at the northern tip of the continent. It can also be described as the sout ...

, who are majority owned by the AccessHolding conglomerate. In 2016, the bank served 225,928 savings clients, had 31,798 loan clients, 29 percent of whom were women, and 2 percent of all clients were rural based. , the bank's total assets were valued at TSh 207.2 billion (US$91 million), with shareholders' equity of TSh 31.73 billion (US$14 million).

Shareholding

The shareholding in the stock of the bank is illustrated in the table below: ^{1 - "MicroVest is a private, for-profit investment group dedicated to reducing global poverty by applying a commercial framework to investing".}

Branches

As of July 2018, ABT maintained branches at the following locations: # Kijitonyama Branch - Derm House, New Bagamoyo Road, Kijitonyama, Dar es Salaam Main Branch # Lumumba Branch - Summit Tower, Lumumba Road, Dar es Salaam # Temeke Branch - Temeke Street, Dar es Salaam # Mwanza (Pamba anza B)rh II - Kishimba Building, Pamba Road, Mwanza # Kahama Branch - Isaka Road, Kahama # Tabora Branch - NSSF Building, Jamhuri Road,

Tabora Tabora is the capital of Tanzania's Tabora Region and is classified as a municipality by the Tanzanian government. It is also the administrative seat of Tabora Urban District. According to the 2012 census, the district had a population of 226,999. ...

# Mbeya Branch -

Mbeya Mbeya is a city located in south west Tanzania, Africa. Mbeya's urban population is 620,000 according to the 2022 census. Mbeya is the capital of the surrounding rural Mbeya region (population, with Mbeya, totals approx. 2 million). Mbeya is sit ...

# Iringa Branch - Iringa

Governance

Dr. Bernd Zattler, a national of

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

, serves as the chairman of the five-person board of directors. The managing director and CEO of the bank is Mr Ruwaichi Julius

References

External links