Taking Stock of our achievements and forging the way forward. ACCESS FRONTIER . Given Current Products . Opportunities for MFIs . Where are the low hanging fruits?. Demand vs. Supply. 7. % . (1.9 . million) of . ID: 750361
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MICROFINANCE SERVICES
Rethinking Financial Services
Taking Stock of our achievements and forging the way forward
Slide2ACCESS FRONTIER
Given Current Products
Opportunities for MFIs
Where are the low hanging fruits?
Slide3Demand vs. Supply
Slide47
%
(1.9
million) of
adults 16 years or older
have taken up MFIs
How many adult Tanzanians have taken up MFIs?
Slide5Demographics –
Who are
MFI users?
Slide66 in 10 MFI users are male which have on average a higher level of education then the general population
Slide7More than half of MFI users are youth, below 34 years
Slide8MFI users have a higher wealth status than the general population
Slide9MFI users are more likely to be formally employed or business owners than their non-user counterparts
Slide10One third of MFI clients are based in Dar es Salaam
Slide11MFI clients are more likely to be literate in both Kiswahili and English
Slide12MFI clients have higher levels of numeracy
Slide1397% of MFI clients own a mobile phone
Slide14Why
Tanzanias
take up MFIs and how do they use them?
Slide15Three quarters of MFI clients started to use the service to obtain a loan
Slide16Access to loans is the dominant service feature of MFIs
Slide173
in 10 MFI clients feel charges/interests are too high
Slide1814% of accounts are group accounts
Slide193 in 10 accounts are inactive
Slide20Though 97% of MFI clients own a phone only 22% utilize it to access their services
Slide21Repayment conditions are favorable to MFI clients
Slide22Borrowing for reinvestment in business activities is a key driver for loan uptake
Slide23Where is the opportunity?
Slide248 in 10 currently not served by MFIs have a form of identification
Slide25Proximity 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
Slide28MFI products are perceived to be costly and require a high initial deposit
Perceived demand side barriers
Perceived supply side barriers
Slide29
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