Dar es Salaam, April 16 -- AccessBank Tanzania on Thursday joined the country's microfinance bandwagon to capitalise in an area of its interest-micro and small businesses.

The lender, whose 95 per cent of loan portfolio comes from micro and small business, decided to leave a commercial and join four other financial entities in microfinance banking business.

Others are Finca Microfinance, VisionFund TZ Microfinance, Mwanga- Hakika Microfinance and Yetu Microfinance. Due to these developments AccessBank has now changed it business licence and name to Access Microfinance Bank Tanzania Limited (AMBTL).

"The change reflects our deep focus on the microfinance segment, which already accounts for 95 per cent of our total number of loans disbur...