Pride Tanzania - Tanzania
At the end of 2006, Pride Tanzania had almost 90,000 loan clients. The organisation is specalised in the Grameen-inspired model of group lending. Via this model, predominantly female clients stand surety for each other to make loan contracts possible. Based on new legislation, Pride Tanzania wants to transform into a regulated financial institution. This would enable Pride to offer a broader range of products, including savings products. With the loan provided, Hivos-Triodos Fund supports the growth of the loan portfolio. The planned transofmraiton can be the basis for further development of the relationship.
