Our Impact

Promotion of Financial Inclusion

We at Green life microfinance have significantly contributed to the national and international efforts to enhance financial inclusion through the role we are playing in expanding financial inclusiveness to the underserved populations. Through our provision of accessible and affordable financing we have been able to play part in efforts to bridge the gap between the unbanked or under banked populations and the formal Tanzania banking systems thus allowing this population segment to borrow and build credit histories. We currently do this in the Kilimanjaro, Arusha and Manyara regions of Tanzania and due to high demand in our loan products we are planning for a scale up of the same to other regions of the country in the very near future. Through the provision of financing to small businesses of the individuals who are typically excluded from the formal banking sector, Green life microfinance institution has been able to significantly contribute to poverty reduction efforts through extension of small loans, and financial literacy programs to these low-income individuals thus enabling them to establish or expand businesses, generate income and improve their overall economic well-being. Since our establishment back in 2014, green life microfinance has already successfully advanced over 30,000 loans with an estimated value of over 35 billion Tanzanian shillings (over 13 million USD) to small businesses owned by individuals who were otherwise un-bankable. Many of our previous clients have successfully grown up their businesses to currently qualify for borrowing from formal banks.

Women and Youth Empowerment. Since our establishment in 2014, Green life microfinance has been instrumental in empowering women and youth in the Kilimanjaro, Arusha and Manyara regions of the northern zone of Tanzania. We have always prioritized lending to unbanked or under banked women and youth populations because we strongly believe that firstly women are key agents of change from household to society level. By supporting women entrepreneurs with accessible and affordable financing we have helped them to start their own businesses, earn income, gain decision making power and improve their social status within their families and communities. Secondly we similarly believe that youths are key to development as they are the most active workforce to drive the development wheel forward. Our regular client follow ups and client testimonials confirms that with our support the widows and single mothers have improved their living standards and have been able to manage school related expenses for their children. The largest proportion of women segment we have so far supported are in the agribusiness sector comprising of  food value addition, animal feed processing, dairy industry, agro vets, whereas the second dominating sector is shops and food vending. The number of youth reached by our loan and financial management training programs is appealing. Over the last three years (2020 – 2023) green life microfinance has provided loans totaling over 5.7 billion Tanzanian shilling equivalents to 2.5 million US dollars to 2,943 youths owned small and medium sized businesses and the figures could well go beyond this in the absence of adverse effects brought about by covid-19 during the period.

Furthermore, the training in financial skills that we offer to our clients has helped them gain financial literacy that has helped our clients especially women and youth develop money management skills, encourage responsible financial behavior and foster the culture of savings which has in turn contributed to greater resilience, improved living standards and has helped increased their ability to cope with unforeseen emergencies.

Entrepreneurship and job creation: From the beginning, supporting microenterprises and small businesses has been our focus. Our statistics shows that from year 2020 to date 2023 we have supported a 6,135 small and medium sized businesses by providing them with capital and financial education that have helped individuals launch businesses, create job opportunities for themselves and others and contribute to economic growth