The mission of PRIDE-Tanzania is to create a sustainable financial and information services network for micro- and small-scale entrepreneurs to increase incomes and employment and stimulate business growth.
Background and Main Challenges:
PRIDE - Tanzania has operated an NGO since 1994 but plans to transform into a regulated institution by 2005.
PRIDE -Tanzania uses a "modified Grameen" methodology - clients are required to form groups of five individuals (Enterprise Groups, or EGs) who agree to guarantee each other's loans; ten EGs form a larger center, or MEC (Market Enterprise Committee) who acts as another level of guarantee on the ... Read more
PRIDE -Tanzania uses a "modified Grameen" methodology - clients are required to form groups of five individuals (Enterprise Groups, or EGs) who agree to guarantee each other's loans; ten EGs form a larger center, or MEC (Market Enterprise Committee) who acts as another level of guarantee on the loans. Hide