MICROFINANCE SERVICES   Rethinking Financial Services
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MICROFINANCE SERVICES Rethinking Financial Services

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MICROFINANCE SERVICES Rethinking Financial Services




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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

Perceived demand side barriers

Perceived supply side barriers

Slide29