The Principal Activities of the Bank
The principal activities of the bank are that of:-
Mobilizing financial resources from individuals, institutions and development partners for financing the informal sector in order to support the government's endeavors in poverty alleviation.
Providing an enabling environment for self-employment for the unemployed population in Tanzania
Providing commercial services and support to the target group at truly subsidized 'full cost recovery and a profit margin' rates in order to enable the bank to consolidate itself and maximize returns to its shareholders.
Providing lending services
The Bank’s capital structure for the year under review is shown below:-
400,000,000 ordinary shares of TZS 250 each
Called up and fully paid
97,646,931 ordinary shares of TZS 250 each
The shares of the Bank are held as follows: