List of Countries
Tanzania
LOLC Group ventured into Tanzania in 2021 as part of the group's strategy of expanding its footprint in East Africa with the acqusition of a controlling stake in Tujijenge Tanzania Financial Services Limited
-
$1,136
GDP per Capita -
62.0 Mn
Population -
$1.2 Mn
Gross loan portfolio -
5
No. of branches
Tujijenge Tanzania Limited
In 2021, LOLC acquired controlling interest in Tujijenge Tanzania, a non-deposit-taking microfinance institution, which was incorporated in 2006. Under LOLC ownership, the company will be converted to a deposit-taking microfinance institution providing financial services through group and individual lending to MSMEs. Currently, the entity offers auto loans, business loans, and salary loans to its clients.
