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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

  • $ 1,192

    GDP per Capita
  • 65.5 Mn

    Population
  • $ 1.2 Mn

    Gross Loan Portfolio
  • 5

    No. of Branches
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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. 

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