Microfinance refers to the financial services provided to low-income individuals or groups who are typically excluded from traditional banking. Most microfinance institutions focus on offering credit in the form of small working capital loans, sometimes called microloans or microcredit. However, many also provide insurance and money transfers, and regulated microfinance banks provide savings accounts.
Microfinance aims to improve financial services access for marginalized groups, especially women and the rural poor, to promote self-sufficiency.
At Mwangaza, we offer different types of products & services aimed at improving the lives of ordinary people. To pride ourselves in filling the gap left by tradiional banking.
We lend to small business owners but we also offer financial literacy programs to help businesses grow.
We have helped many parents send children to school with our diverse school fees loan especially when transitioning to secondary schools.
We continue to work with business owners from the common mama mboga to the barber shop owner to impact lives.