PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607838

Primary Business Area

Financial Institutions Group

Disclosure Date

Jul 2, 2024

Country

Tanzania

Region

Africa

IFC Approval Date

Oct 2, 2023

Status

Active

Estimated Total Budget

$1,590,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 2, 2024

Project Estimated Start Date

Oct 3, 2023

Project Estimated End Date

Oct 21, 2028

Project Description

The project aims to improve housing conditions for low-income Tanzanian residents through the creation and introduction of a Housing Microfinance product tailored to the Tanzanian context. The product will enable low-income Tanzanian households to access funds to carry out home improvements in a cost-effective manner, primarily by performing much of the work themselves. To help borrowers take advantage of these loans, lenders will provide Construction Technical Assistance (CTA) to minimize the risks associated with self-improvement home projects. The project will develop a set of CTA tools and provide support to local financial institutions in introducing the product.

Development Results

E&S Risks / Impacts and Mitigation