Opportunity International Implementing Members

Opportunity Tanzania

Opportunity International acquired a majority stake in Faulu Tanzania, a local microfinance company, in December 2007, and it began to transition the organization to a regulated microfinance bank. While continuing banking operations, Opportunity Tanzania spent a large part of 2008 reconstituting its board of directors, building its senior management team, finalising its three year strategic plan and raising additional capital.

By January, 2009, the company officially changed its name to Opportunity Tanzania Limited. This aligned the instutition with the global Opportunity International, and it allowed us to institute the organization's Christian mission in conjunction with Opportunity's vision, values and customer code of conduct.

Opportunity Tanzania will continue its ambitious expansion plans. It expects to open eight new branches and satellite branches in Tanzania. This includes three new branches in the Dar es Salaam area, a branch in Arusha and Moshi and three satellite branches in the Arusha, Morogoro and Kilimanjaro areas. The board has also decided that Opportunity Tanzania should become a regulated banking institution, and the institution will apply to the central bank for the necessary license.

Performance in 2009