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Presentation on theme: "MICROFINANCE SERVICES Rethinking Financial Services"— Presentation transcript:
Slide1
MICROFINANCE SERVICES
Rethinking Financial Services
Taking Stock of our achievements and forging the way forward
Slide2
ACCESS FRONTIER
Given Current Products
Opportunities for MFIs
Where are the low hanging fruits?
Slide3
Demand vs. Supply
Slide4
7
%
(1.9
million) of
adults 16 years or older
have taken up MFIs
How many adult Tanzanians have taken up MFIs?
Slide5
Demographics –
Who are
MFI users?
Slide6
6 in 10 MFI users are male which have on average a higher level of education then the general population
Slide7
More than half of MFI users are youth, below 34 years
Slide8
MFI users have a higher wealth status than the general population
Slide9
MFI users are more likely to be formally employed or business owners than their non-user counterparts
Slide10
One third of MFI clients are based in Dar es Salaam
Slide11
MFI clients are more likely to be literate in both Kiswahili and English
Slide12
MFI clients have higher levels of numeracy
Slide13
97% of MFI clients own a mobile phone
Slide14
Why
Tanzanias
take up MFIs and how do they use them?
Slide15
Three quarters of MFI clients started to use the service to obtain a loan
Slide16
Access to loans is the dominant service feature of MFIs
Slide17
3
in 10 MFI clients feel charges/interests are too high
Slide18
14% of accounts are group accounts
Slide19
3 in 10 accounts are inactive
Slide20
Though 97% of MFI clients own a phone only 22% utilize it to access their services
Slide21
Repayment conditions are favorable to MFI clients
Slide22
Borrowing for reinvestment in business activities is a key driver for loan uptake
Slide23
Where is the opportunity?
Slide24
8 in 10 currently not served by MFIs have a form of identification
Slide25
Proximity is a key challenge of MFIs
Though over half of registered MFIs are located in Dar es Salaam proximity is still a key challenge
Slide26
% Uptake of Formal Services per
Formal Service Provider
Slide27
% Uptake of Formal Services per
Formal Service Provider:
Served (i.e. MFI/micro lender clients) vs. Unserved Adults
Slide28
MFI products are perceived to be costly and require a high initial deposit
