Financial Sector Deepening Trust
The Financial Sector Deepening Trust (FSDT) was incorporated in Tanzania on 1 July 2004. It commenced operations in 2005 and is supported by Global Affairs Canada (GAC), Department for International Development (DFID-UKAid), Sida represented by Embassy of Sweden Tanzania, DANIDA and the Bill and Melinda Gates Foundation.
Over the period 2012-2016 FSDT adopted a market development approach toward addressing systemic constraints in the market and to contribute toward achieving pro-poor growth in the financial sector.
The FSDT interventions aim to make a contribution in generating sustainable improvements in the livelihoods of poor households through reduced vulnerability to shocks increased incomes and employment achieved through providing greater access to financial services for more men, women and businesses.
To achieve improved capacity and sustainability of the financial sector to meet the needs of MSME’s and poor men and women and to contribute to economic growth.
The FSDT efforts are directed to ensure that more, better and appropriate solutions are accessible, affordable and used by enterprises and low income people in Tanzania. Low income people would include farmers, women, men, youth and any other marginalized segment living in rural and urban areas.
The interventions prioritized by the Programme aim at realising the following changes in the financial sector:
· Improved policy, institutional, legal and regulatory framework, and data gathering and dissemination for delivery of financial services,
· Enhanced market infrastructure and support services for financial service providers,
· More and better financial services available to meet the needs of urban and rural enterprises,
· More and better financial services available to meet the needs of poor urban and rural households and individuals.