Saturday, October 31, 2009

YOSEFO: Micro-lending in Tanzania

The Youth Self Employment Foundation (YOSEFO) is dedicated to providing microfinancing services to young men and women in Tanzania "so that they can create jobs, educate their children, live a healthy life and improve their overall standard of living."

YOSEFO is heavily supported by the Tanzania Investment Bank and the National Microfinance Bank (NMB). This year alone, YOSEFO disbursed about TSH 3.2 billion (about $3 million) between January and September. According to an article on YOSEFO's achievements since its inception 12 years ago, about 70% of this year's beneficiaries were women, and 48% lived in rural regions.

Read more about YOSEFO's financial services:
The Citizen - Article on YOSEFO
YOSEFO homepage
YOSEFO news resources

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