Akiba Commercial Bank
Akiba Commercial Bank started its activities in 1997 at the initiative of 300 Tanzanian business people who saw a high demand for microfinance in their country. The bank has a number of branches in and around the capital city Dar es Salaam and two other cities, and is looking to expand further. Hivos-Triodos Fund and Triodos Sustainable Finance Foundation are among the shareholders of Akiba Commercial Bank; a senior Triodos Bank officer represents the Triodos funds on the Board of Directors.
KEY INDICATORS Akiba at year-end 2012:
- number of loan clients: 27,055
- percentage female clients: 50%
- percentage rural clients: 0%
- average loan amount: EUR 1,248
- number of savings clients: 213,104
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.