Pride Tanzania
| PRIDE TANZANIA IN PERSPECTIVE – HISTORY
Incorporation: PRIDE Tanzania was incorporated on 5th May 1993 under Cap. 212 as a company limited by guarantee. Source of Funding: Main source is from NORAD under a Bilateral Agreement between the Government of Tanzania and the Royal Government of Norway from 1993 to 2001. Swedish Government joined as a donor through Sida late 2000. Governance
Target Clients: Poor but economically active individuals owning and running businesses worth less than US $ 700 Loan Menu PRIDE’s Loan menu has eight loan cycles with small loan amounts ranging from Tshs.50, 000 to 10,000,000. Clients have to graduate from lower to higher loan cycles. Interest rate is charged are based on the loan terms range between 25 to 100 weeks depending on the loan size. Programme Development 1.Pilot phase (1993 –1995) Pilot operations involved three branches located in Arusha, Tanga and Dar es Salaam. The aim of the phase was to:
2.Expansion phase (1995 – 2000) Programme expansion started soon after the successful pilot phase. Three stages were involved:
Funding Funding by Donor and Use
Various independent impact assessment studies involving sampled borrowers carried out since 1997 indicate the following changes with respect to the businesses and living standards of a good number of borrowers:
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OUR MISSION STATEMENT
To create a sustainable financial and information services network for small and micro-entrepreneurs in order to promote their business growth, enhance their income and create employment in Tanzania
OUR VISION
To Continue to be the Leading Microfinance institution in Tanzania
OUR CORE VALUES
We are committed to a set of values and norms as follows:
Quality
• We strive for highest level of professionalism in service delivery
• We believe in creativity, innovation and continuous improvements of our services;
• We believe in investing in Continuous Research and Development for market responsiveness;
• We nurture knowledge, skills and encourage personal growth and professional excellence amongst staff.
Rules, Regulation and Governance
• We are committed to Compliance to legislative, regulatory and industry ethics
• We are committed to Respect, Integrity and Honesty
• We believe in Fairness and Equity
• We believe in working as a team
• We are committed to transparency and accountability to all the stakeholders
Social Responsibility
• We are committed to the economic empowerment of the working poor with the view to address poverty related courses in our society.
• We promote gender equality;
• We believe in Optimal and sustainable use of Local Resources
• We are supportive of actions leading to environmentally friendly interventions in all sphere of our society.
• We are supportive of HIV/AIDs intervention programs including awareness creation and care for the victims both the sick and the orphans.
| For general information contact us through:
HEAD OFFICE CONTACTS |
