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TaTEDO Modern Energy Business Financing Support Initiatives

Finance is generally cited as a key barrier to modern energy SME development in Tanzania. Removing financial barriers would require joint efforts and a coalition of actors within the SME sector to pool their resources together and provide the much-needed support to enable SMEs to build their capacity and improve their profit margins. The growing number of micro-finance institutions is also an indication of the different financial needs and arrangements of SMEs. A number of these institutions such as the Promotion of Rural Initiative and Development Enterprises Limited  (PRIDE) and Foundation for International Community Assistance (FINCA) in Tanzania are catering for small lenders whose absorption rate and spending ability is smaller. Although there is a growing realization that there is money to be tapped for financing SMEs from financial institutions, the profile of many entrepreneurs and their transactions are difficult to monitor which does not create a natural niche for micro-finance institutions. In addition, micro-finance institutions are generally perceived to have better debt recovery success rates. The Government of Tanzania (GOT) is keen to note that micro finance institutions are playing a key role in the economic growth of the country and an economic development fund has been established to give an added boost to micro-finance lending.

 

Having realized need and importance of MFI, TaTEDO through AREED phase II programme seeks to address this core problem by reaching deeper into rural markets that tend to be avoided by the more commercially-oriented enterprises by: 1) identifying and providing enterprise development services and targeted grant support to development-focused local organizations seeking to initiate and manage sustainable rural energy projects or enterprises.; and 2) engaging more with micro-finance institutions and local banks to facilitate flows of end-user financing to ultimate beneficiaries of energy projects initiated by the social enterprises pursuing rural development.

Our Vision

Poverty free and self-reliant communities in Tanzania accessing sustainable modern energy services.

 

 

Our Mission

Advancing popular access to sustainable modern energy technologies in marginalized communities in Tanzania, through technological adaptations, capacity building, community mobilization and advocacy for increased access to sustainable energy

Energy Tips

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Our Partners

 

Opportunities

Energy for Sustainable Development (E4SD)

More Energy Headline

Fund Raising

Resources in terms of funds and expertise are crucial for TaTEDO  to be able to extend modern energy services to the marginalized rural communities in Tanzania.  Such energy services are key to poverty reduction, sustainable development, climate change mitigation and adaptation especially for rural population. Click the link below for more information.

Contribute your Support for the Development of Sustainable Modern Energy to Poor Rural Families in Africa

Please contribute your support to energy poverty stricken families  to the following address

 

TaTEDO, P. O. Box 32794, Dar es Salaam, Tanzania

Tel:+255-22-2700438/2700771

Fax:+255-22-2774400

Email: energy@tatedo.org   or fundraising@tatedo.org

 

Webmaster

TaTEDO is dedicated to Scaling up access to sustainable modern energy services

Tanzania Traditional Energy Development and Environment Organization

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