New Job Vacancies at LOLC Tanzania Financial Services Ltd
Read here information about New Job Vacancies at LOLC Tanzania Financial Services Ltd
LOLC Tanzania Financial Services Ltd. is a key part of the global LOLC Group's extensive microfinance network, with a strong focus on financial inclusion and empowering individuals and businesses in Tanzania.
Here's a detailed look at LOLC Tanzania:
1. History and Background:
Acquisition of Tujijenge Tanzania: LOLC Group ventured into Tanzania in 2021 by acquiring a controlling stake (96%) in Tujijenge Tanzania Financial Services Limited, which was incorporated in 2006.
Rebranding to LOLC Tanzania: In October 2024 (as per information from February 2025), Tujijenge Tanzania officially rebranded to LOLC Tanzania Financial Services. This rebrand reflects its alignment with the global LOLC Group's vision and standards.
Growth and Impact: Tujijenge Tanzania had a proud history of providing inclusive financial solutions since its founding, serving over 80,000 clients and disbursing loans exceeding 100 billion Tanzanian Shillings. The strategic partnership with LOLC Group aims to further deepen its impact and ensure Tanzanians continue to benefit from innovative financial services.
2. Mission and Focus:
Financial Inclusion: LOLC Tanzania, like the broader LOLC Group, is deeply committed to financial inclusion. Its mission is to bring financial transformation to individuals, families, communities, and businesses, particularly in the MSME (Micro, Small, and Medium Enterprises) sector.
Empowering Growth: They specialize in providing accessible financial solutions, primarily loans, to help clients grow, thrive, and achieve their financial goals.
3. Products and Services:
LOLC Tanzania offers a range of loan products tailored to meet diverse customer needs:
Gari Loan: For individuals and businesses looking to purchase private or commercial vehicles (new or used, registered or unregistered in Tanzania).
Biashara Loan: Designed for business owners to boost working capital and expand their operations.
Binafsi Loan: A personal loan to cater to individual financial needs and consumption.
Ajira & Mshahara Loan: Specifically for private and government employees to support their financial goals.
Future Plans: Under LOLC ownership, the company is set to be converted to a deposit-taking microfinance institution, which will expand its service offerings beyond just lending.
4. Operations and Reach:
LOLC Tanzania operates with a commitment to fast, friendly, and transparent services.
They provide service through multiple branches (e.g., four in Dar es Salaam and one in Mwanza, as of previous reports). They also offer an online loan application process for convenience.
5. Corporate Social Responsibility (CSR):
LOLC Tanzania is involved in community development. For instance, in October 2024, they conducted financial education and record-keeping training sessions for existing customers, aiming to enhance financial literacy.
LOLC Tanzania is a significant player in the Tanzanian financial sector, leveraging the global expertise of the LOLC Group to drive economic growth and improve livelihoods through accessible and tailored financial solutions.
New Job Vacancies at LOLC Tanzania Financial Services Ltd - May 2025
The hotel is inviting applications from Tanzanians to apply for new Vacancy. READ FULL DETAILS THROUGH THE PDF DOCUMENT BELOW:
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