CORPORATE LOANS AND OVERDRAFTS
At AKIBA we have never pretended that this is an area of strength for
us. However, the main strength that we draw from this lies in the
fact that it gives us the opportunity to be there always for our
loyal customers who start with us from the early days of their micro
enterprises and whom we nurture as their businesses grow and as we
graduate them from group borrowers, to individual micro loan borrowers,
to SME borrowers and finally to corporate borrowers.
As a matter of fact, the growth of our customers has been
one of the major factors behind AKIBA’s own growth.
Like in the two examples above, we are never short of other
examples of customers who started by borrowing TZS 50,000 as
recent as five short years ago and are today borrowing up to
TZS 15 million and have further had to re-locate their businesses
from places like Manzese to the up-market Kariakoo.
This is clear proof that microfinance is not a myth, but a
reality that is commercially viable, while still achieving
the social impact that the pioneers of this concept envisaged.
PORTFOLIO SPREAD
It is interesting to note that women form the majority of our borrowers.
Out of a total of …… borrowing customers in 2005, …… are
women while …… are men. It is further interesting to
note that out of the …… borrowers, 6500 of them i.e.
over 50%, borrow between TZS 20,000 and TZS 500,000.
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