The largest country in East Africa, Tanzania hosts abundant natural resources, vast wildlife reserves, and over 120 local tribes. At the same time, Tanzania is one of the poorest countries in the world, with a population of 67 million people and ranked 167th out of 192 countries on the United Nations Development Programme’s Human Development Index (2024).
Many residents rely on farming or small businesses to provide an income for themselves and their families, and nearly half of the population lacks access to financial services.
Five Talents has been operating in Tanzania since 2007. Through our partnership with the Anglican Church of Tanzania, we provide financial infrastructure to areas underserved by commercial banking, allowing our members to pool their savings into community funds which can then be loaned out to help establish or grow small businesses.
Five Talents launched a new savings program in Morogoro in 2017. Morogoro experiences high levels of rural poverty; from our baseline survey, we know that 19% of households we’re working with in Morogoro have four or more children aged 17 and under to support; approximately one third live in earth-floored, grass-roofed homes; and 81% live on less than $2.50 per day (PPP).
Our program in Morogoro aims to help families learn how to save, invest in small businesses, and generate profits so that they can support their children, improve their homes, and afford essentials such as nutritious food and healthcare.
Sources:
(1) World Development Indicators, World Bank, 2019.
(2) Global Human Development Report, UNDP, 2013.
Over the years, we’ve discovered a wealth of treasure in the Parable of the Talents. That’s why we’ve prepared this free guide to Matthew 25, featuring reflections from pastors and Christian leaders.
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