Our impact in Tanzania
Water.org conducted the first market assessment in Tanzania in 2016. Results were positive and key findings were:
- Tanzania is one of the fastest growing economies in Africa, but economic growth has not benefited all areas of the country equally.
- Rural areas in particular remain generally very poor, with around one third of the rural population classified as living below the poverty line.
- Use of digital finance is growing rapidly. As many as 10 million people currently have a mobile account. There are estimates that mobile phone agents outnumbered all other financial access points by almost 30 to one in 2016.
Given the growing sector of digital finance, Water.org is developing a program design of WaterCredit combined with digital finance. In 2018, we certified our first microfinance institution partner and began piloting WaterCredit. We are in the process of certifying additional financial institutions and expanding our work in the region.