BabuK
JF-Expert Member
- Jul 30, 2008
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At least 56 per cent of the Tanzanian adult population is excluded and use neither formal nor informal financial services, a new study on financial transactions and investments has revealed.
The study carried out by the Centre for International Development and Research (CIDR) has also found that 87.6 per cent of Tanzanians, especially those living in rural areas, do not have bank accounts.
CIDR chief executive officer Isabelle Hoyaux informed at a press conference in Dar es Salaam last weekend that his is an international aid organisation involved in research activities.
He also said the CIDR also works to strengthen sustainable local, regional and national institutions to help them fight against poverty and enhance socio economic development in 50 African countries, including Tanzania.
The research shows that 22.1 per cent of the urban population has access to formal financial services, compared to only 8.3 per cent in rural areas, he said.
Hoyaux stressed on awareness education on the use of financial institutions and already the CIDR had established partnership with financial institutions and other NGOs operating at grassroots level for the same purpose.
So far, the CIDR has increased its membership base to 25,000 in two districts of Mbozi and Kyela in Mbeya region, we are committed to making sure that our programmes are replicated to other districts, he said.
For his part, CIDR director Bruno Galland explained that the fact that agriculture was the main source of livelihood for 80 per cent of Tanzanians, there is a need to develop financial services for smallholder producers and other actors to contribute to food security and poverty alleviation.
The most effective way to expand rural financial services to rural households is to assist existing and sustainable financial intermediaries, Galland said. So far, the CIDR has ten branches all over the country with around 30 000 clients, mostly smallholder producers.
SOURCE: THE GUARDIAN
The study carried out by the Centre for International Development and Research (CIDR) has also found that 87.6 per cent of Tanzanians, especially those living in rural areas, do not have bank accounts.
CIDR chief executive officer Isabelle Hoyaux informed at a press conference in Dar es Salaam last weekend that his is an international aid organisation involved in research activities.
He also said the CIDR also works to strengthen sustainable local, regional and national institutions to help them fight against poverty and enhance socio economic development in 50 African countries, including Tanzania.
The research shows that 22.1 per cent of the urban population has access to formal financial services, compared to only 8.3 per cent in rural areas, he said.
Hoyaux stressed on awareness education on the use of financial institutions and already the CIDR had established partnership with financial institutions and other NGOs operating at grassroots level for the same purpose.
So far, the CIDR has increased its membership base to 25,000 in two districts of Mbozi and Kyela in Mbeya region, we are committed to making sure that our programmes are replicated to other districts, he said.
For his part, CIDR director Bruno Galland explained that the fact that agriculture was the main source of livelihood for 80 per cent of Tanzanians, there is a need to develop financial services for smallholder producers and other actors to contribute to food security and poverty alleviation.
The most effective way to expand rural financial services to rural households is to assist existing and sustainable financial intermediaries, Galland said. So far, the CIDR has ten branches all over the country with around 30 000 clients, mostly smallholder producers.
SOURCE: THE GUARDIAN
