global_affairs_grants: 10

This data as json

id projectNumber dateModified title description status start end countries executingAgencyPartner DACSectors maximumContribution ContributingOrganization expectedResults resultsAchieved aidType collaborationType financeType flowType reportingOrganisation programName selectionMechanism policyMarkers regions alternameImPositions budgets Locations otherIdentifiers participatingOrgs programDataStructure relatedActivities transactions
10 CA-3-A030788002 2025-03-04T06:33:31 Financial Sector Deepening Program - Phase II The program aims to strengthen the pro-poor financial sector in Tanzania. It is designed to improve the policy, institutional, legal, and regulatory framework for financial services; to provide more and better financial services available to meet the needs of micro, small and medium-sized entreprises and poor households; and to provide enhanced business services for microfinance institutions. Currently, access to financial services including micro-credit is vastly inadequate and this program is contributing to significantly increasing the number of people that are served by some form of financial institution. The program involves Canadian, international and local technical assistance to strengthen the network of Savings and Credit Cooperative Organizations and other micro-finance institutions throughout the country. Canada, and other donors, jointly provide support to this program. This phase builds on the results of the first phase. Closed 2010-03-16T00:00:00 2014-03-31T00:00:00 ["Tanzania 100.00%"] Registered Trustees of the Financial Sector Deepening Trust ["Information and communication technology (ICT) 8.00%", "Financial policy and administrative management 10.00%", "Formal sector financial intermediaries 27.00%", "Informal/semi-formal financial intermediaries 45.00%", "Education/training in banking and financial services 10.00%"] 15000000.00     Results achieved at the end of the project include: (1) Overall, 57.4% of the Tanzanian working population (13,461, 962 people) access finance through formal institutions. This has surpassed the Bank of Tanzania target of 50% formal financial access by 2016 as per the National Financial Inclusion Framework. (2) Financial exclusion has reduced from 55.4% in 2009 to 26.8% in 2013; (3) Tanzanians who exclusively use informal mechanisms of accessing finance decreased from 28.8% in 2009 to 15.8% in 2013; (4) The volume of credit provided by supported micro finance providers to micro, small and medium enterprises and poor people increased from $287M in 2012 to $320M in 2013; (5) The volume of deposits mobilized by supported microfinance providers from micro, small and medium enterprises and poor people increased $212.4M in 2012 to $261.1M in 2013; (6) the number of poor people accessing financial services from supported financial institutions increased from 951,404 in June2012 to 1,117,651 in June 2013; (7) the number of entrepreneur clients at supported microfinance providers with loans in excess of $1,260 increased from 13,373 in June 2012 to 46,871 in June 2013; and (8) the number of female clients at supported microfinance providers with loans in excess of $1,260 has more than doubled from 5,149 in June 2012 to 11,236 in June 2013. These results are contributing to sustaining and facilitating the creation of microbusinesses and small and medium-sized enterprises and meeting the needs of poor rural and urban people in Tanzania. Basket funds/pooled funding Bilateral Aid grant excluding debt reorganisation   Global Affairs Canada WGM Africa Pre-APP ["Gender equality", "Environmental sustainability (cross-cutting)", "Participatory development and good governance", "Trade development", "Biodiversity", "Climate change mitigation", "Climate Change Adaptation", "Urban issues", "Desertification", "Children's issues", "Youth Issues", "Indigenous Issues", "Disability", "ICT as a tool for development"]     ["3600000.00", "2314335.00", "2314335.00", "2771330.00", "2000000.00"] ["-6.17221 35.73947"] ["2010200003"] ["Registered Trustees of the Financial Sector Deepening Trust "]   ["CA-3-A030788001"] ["15000000.00", "4000000.00", "2000000.00", "2000000.00", "3000000.00", "4000000.00"]