Tanzania - Startup under 3 years old

Décrivez votre projet en quelques mots

Jibusti Finance is a microlending company dedicated to empowering women by providing them access to financial resources. Our focus is on supporting women who do not meet traditional lending criteria. We offer group loans, fostering a sense of community.

01.01 Décrivez votre startup en détail

Jibusti Finance is a microfinance institution dedicated to empowering Tanzanians who lack access to traditional lending services. Access to credit is a major component of financial freedom, and we are committed to making it available to those who need it most. Our focus is on marginalized women running small businesses, such as market vendors and street food vendors. Our flagship product, Mama Jibusti, caters specifically to these women by offering group loans to clusters of five, fostering accountability and mutual support. Additionally, we provide financial literacy training to ensure these women understand key financial concepts, such as profit and loss and savings, before receiving their loans. Through this education, we guide them in growing their small businesses and achieving greater financial stability. We offer very low interest rates to ensure our loans do not burden the women we support, providing flexible repayment options, allowing them to make daily or weekly payments.

01.02 Quel est le problème principal que vous essayez de résoudre ?

Jibusti Finance is addressing the major problem of limited access to traditional lending services for marginalized Tanzanian women running small businesses. These women often face financial exclusion due to stringent lending criteria and lack of financial literacy, which hinders their ability to grow their businesses and achieve financial stability. By providing low-interest loans with flexible repayment options and essential financial education, Jibusti Finance aims to empower these women, enabling them to overcome these barriers and build sustainable livelihoods.

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service fourni par votre startup (au moins 3).

1. Affordable Financing: Jibusti Finance offers very low interest rates, ensuring that loans are affordable and do not place a heavy financial burden on borrowers. This makes it easier for women to access the capital they need to grow their small businesses without the stress of high-interest debt. 2. Flexible Repayment Options: Jibusti Finance provides flexible repayment schedules, allowing borrowers to make daily or weekly payments instead of monthly ones. This flexibility helps women manage their cash flow more effectively, leading to higher repayment rates and better financial stability. 3. Financial Education: Jibusti Finance offers financial literacy training to its clients, teaching them essential skills such as understanding profit and loss, savings, and basic financial management. This education empowers women to make informed financial decisions, helping them to grow their businesses sustainably and achieve long-term success.

01.04 Veuillez décrire précisément à qui s'adresse le produit/service de votre startup. Quels sont les bénéficiaires visés ?

Our primary beneficiaries are Tanzanians who lack access to traditional lending services. We predominantly focus on financing women, who make up 85% of our clients, with the remaining 15% being men. Most of these women work as vendors in organized food markets or as street food sellers. A significant number are single mothers struggling to provide for their children's education and other basic necessities. By offering them financial support, we aim to alleviate their burdens and empower them to achieve greater economic stability.

01.05 Quand votre entreprise a-t-elle été créée ?

07/12/2021

01.06 Vendez-vous déjà votre produit/service ?

Oui

01.07 Combien y a-t-il de propriétaires de votre entreprise en plus de vous ?

1

01.08 Parmi les autres propriétaires, combien sont des femmes ?

1

01.09 Veuillez décrire le profil des autres propriétaires de votre startup (compétences, expérience, etc.).

Our other Director brings a wealth of expertise to Jibusti Finance with his strong background in computer science and extensive experience in the telecommunications industry. With over 15 years in the technology sector, he has honed his skills in managing and deploying complex technological solutions. His proficiency is instrumental in operating our advanced loan management application, which is crucial for efficiently disbursing and tracking our microloans. His technological acumen ensures that our systems run smoothly, securely, and effectively, allowing us to better serve our clients and streamline our financial operations. This blend of technological expertise and practical experience is a significant asset to our team, enhancing our ability to deliver reliable and innovative financial services.

01.10 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

https://jibusti.co.tz

01.11 Quel est le secteur d'activité qui décrit le mieux votre entreprise ?

Services financiers

02.01.01 Ma startup contribue à l'objectif 'Pas de pauvreté'

7 - tout à fait d'accord

02.01.02 Justification de la contribution de ma startup

Our startup is dedicated to combating poverty by empowering women through financial support and education. By providing the necessary funding, we enable women to start and run their small businesses, which in turn creates economic opportunities and promotes self-sufficiency. Additionally, we offer comprehensive financial management training, ensuring these women understand how to manage their money effectively. This knowledge is crucial for successful business operations, saving, and debt repayment, leading to sustainable business growth and improved financial stability. Through these efforts, we aim to break the cycle of poverty and foster economic resilience within communities.

02.02.01 Ma startup contribue à l'objectif 'Faim Zéro'

5

02.02.02 Justification de la contribution de ma startup

Our startup significantly contributes to the Zero Hunger goal by empowering women to become self-sufficient entrepreneurs in the food industry. By providing financial support and education, we enable women to start and sustain their small food businesses, thereby increasing food production and accessibility within their communities. These businesses not only generate income for the women but also contribute to local food supplies, helping to alleviate hunger and food insecurity. Moreover, through our financial management training, we empower women to make informed decisions about their businesses, leading to increased efficiency and productivity in food production and distribution. By empowering women in the food sector, our startup plays a vital role in advancing the Zero Hunger agenda and building more resilient and food-secure communities.

02.03.01 Ma startup contribue à l'objectif 'Bonne Santé et Bien Être'

6

02.03.02 Justification de la contribution de ma startup

Our startup plays a crucial role in promoting healthy lives and well-being for individuals of all ages by addressing key financial and educational needs. Through our initiatives, we empower marginalized women to establish and manage their own small businesses, fostering economic independence and stability. By providing access to financial resources and comprehensive financial literacy training, we equip women with the knowledge and tools needed to make informed decisions about their health and well-being. Additionally, as these women achieve economic empowerment, they are better able to afford healthcare expenses, nutritious food, and other essentials for themselves and their families. By promoting economic stability and empowering individuals to take control of their financial futures, our startup contributes to the overarching goal of ensuring healthy lives and promoting well-being for all.

02.04.01 Ma startup contribue à l'objectif 'Éducation de Qualité'

7 - tout à fait d'accord

02.04.02 Justification de la contribution de ma startup

Our startup's efforts extend beyond empowering women solely in their entrepreneurial pursuits; we recognize the profound impact of education on breaking cycles of poverty and fostering holistic well-being. By equipping women with financial literacy skills and resources, we not only enable them to enhance their own businesses but also to prioritize and afford education for their children. Through our programs, women gain an understanding of the importance of education as a catalyst for future opportunities. With improved financial management and increased income from their businesses, they are better positioned to invest in their children's education, ensuring they have access to quality schooling and lifelong learning opportunities.

02.05.01 Ma startup contribue à l'objectif 'Égalité entre les Sexes'

7 - tout à fait d'accord

02.05.02 Justification de la contribution de ma startup

Our startup is deeply committed to advancing gender equality through tangible actions and initiatives. By focusing on empowering marginalized women, particularly those facing significant barriers to accessing financial resources and educational opportunities, we actively contribute to the Gender Equality goal. Through our programs, we provide women with the necessary financial support and education to start and grow their businesses. This not only fosters economic independence but also challenges traditional gender roles and norms by empowering women as entrepreneurs and decision-makers in their communities. Additionally, our startup recognizes the interconnectedness of gender equality with other Sustainable Development Goals (SDGs). By addressing the unique challenges faced by women, such as access to education, healthcare, and economic opportunities, we contribute to broader efforts to achieve sustainable development and create a more equitable world for all.

02.06.01 Ma startup contribue à l'objectif 'Eau Propre et Assainissement'

2

02.06.02 Justification de la contribution de ma startup

While Jibusti Finance does not directly address clean water and sanitation, it contributes to this goal indirectly through its activities. For instance, our focus on empowering women in marginalized communities through economic initiatives, results in an increase in household income that enables families to invest in clean water and sanitation infrastructure for their homes. By empowering individuals and communities economically and socially, we indirectly support efforts to improve access to clean water and sanitation, contributing to the broader goal of ensuring clean water and sanitation for all.

02.07.01 Ma startup contribue à l'objectif 'Énergie Propre et Abordable'

2

02.07.02 Justification de la contribution de ma startup

While Jibusti Finance does not directly address the issue of affordable and clean energy, our focus on empowering women through economic initiatives, results in an increase in household income that enables families to invest in clean energy technologies such as solar panels or efficient cookstoves. By empowering individuals and communities economically and socially, we indirectly support efforts to improve access to clean and sustainable energy, contributing to the broader goal of ensuring access to affordable, reliable, sustainable, and modern energy for all.

02.08.01 Ma startup contribue à l'objectif 'Travail Décent et Croissance Économique'

7 - tout à fait d'accord

02.08.02 Justification de la contribution de ma startup

By employing people at Jibusti Finance and providing them with decent work opportunities we are contributing to the broader goal of promoting sustained, inclusive, and sustainable economic growth, as well as full and productive employment for all. Jibusti finance serves as a model for creating dignified employment, offering job opportunities with fair wages and benefits. This not only supports the livelihoods of your employees but also enhances their overall well-being and contributes to the economic stability of their families and communities. Our commitment to fair labor practices and creating a supportive work environment demonstrates our dedication to promoting decent work for all. By prioritising employee welfare and professional development, Jibusti Finance sets a positive example for other businesses and helps to raise standards across the industry.

02.09.01 Ma startup contribue à l'objectif 'Industrie, Innovation et Infrastructure'

7 - tout à fait d'accord

02.09.02 Justification de la contribution de ma startup

While Jibusti Finance's primary focus is on providing financial support and education to marginalized individuals, particularly women, our activities indirectly contribute to building resilient infrastructure, promoting inclusive and sustainable industrialization, and fostering innovation. By empowering individuals to start and grow their own businesses, we contribute to the development of local economies and infrastructure. As these businesses expand, they create demand for various goods and services, thereby stimulating investment in infrastructure such as transportation networks, communication systems, and energy facilities. This investment in infrastructure strengthens the foundation for economic growth and enhances the resilience of communities against external shocks. Our emphasis on financial literacy and entrepreneurship education fosters innovation within communities.

02.10.01 Ma startup contribue à l'objectif 'Réduction des Inégalités'

7 - tout à fait d'accord

02.10.02 Justification de la contribution de ma startup

Jibusti Finance takes a leading stance in the fight against inequality, steadfast in our commitment to empower marginalized individuals, particularly women, across Tanzania. Through our comprehensive microfinance programs and innovative financial literacy initiatives, we tirelessly work to diminish the disparities that exist between different socioeconomic groups. Our goal is to not only provide financial resources but also to equip individuals with the knowledge and skills necessary to navigate the complexities of the financial world. By doing so, we foster economic empowerment, promote social inclusion, and fortify community resilience, paving the way for a more equitable and prosperous society.

02.11.01 Ma startup contribue à l'objectif 'Villes et Communautés Durables'

6

02.11.02 Justification de la contribution de ma startup

Jibusti Finance contributes to making cities and human settlements inclusive, safe, resilient, and sustainable by empowering individuals within urban and peri-urban areas to build thriving businesses and resilient livelihoods. Through our microfinance programs and financial education initiatives, we support entrepreneurs in urban settings, providing them with the necessary capital and knowledge to establish sustainable businesses. By fostering entrepreneurship and economic empowerment, we contribute to the economic vibrancy of cities while promoting social inclusion and reducing inequalities. Additionally, our focus on sustainable business practices and financial literacy empowers individuals to make environmentally conscious decisions, contributing to the creation of resilient and sustainable urban communities. Through these efforts, Jibusti Finance plays a vital role in building inclusive, safe, and sustainable cities that provide opportunities for all residents to thrive.

02.12.01 Ma startup contribue à l'objectif 'Consommation et Production Responsables'

2

02.12.02 Justification de la contribution de ma startup

02.13.01 Ma startup contribue à l'objectif 'Lutte contre les Changements Climatiques'

2

02.13.02 Justification de la contribution de ma startup

02.14.01 Ma startup contribue à l'objectif 'Vie Sous-Marine'

1 - pas du tout d'accord

02.14.02 Justification de la contribution de ma startup

02.15.01 Ma startup contribue à l'objectif 'Vie Terrestre'

2

02.15.02 Justification de la contribution de ma startup

02.16.01 Ma startup contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

7 - tout à fait d'accord

02.16.02 Justification de la contribution de ma startup

Jibusti Finance actively promotes peaceful and inclusive societies for sustainable development by fostering economic empowerment and social inclusion among marginalized individuals. Through our microfinance programs and financial literacy initiatives, we empower individuals with the resources and knowledge needed to build sustainable livelihoods and businesses. By providing access to financial services, we enable individuals to break free from cycles of poverty and contribute to the economic development of their communities. Furthermore, our emphasis on gender equality and women's empowerment promotes social inclusion and equal participation in decision-making processes. In addition to economic empowerment, Jibusti Finance advocates for access to lending for all by promoting fair and transparent financial practices. By building effective, accountable, and inclusive institutions at all levels, we strive to create a more peaceful and prosperous society.

02.17.01 Ma startup contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

7 - tout à fait d'accord

02.17.02 Justification de la contribution de ma startup

Jibusti Finance plays a vital role in creating and strengthening the means of implementation for sustainable development goals, revitalizing the Global Partnership for Sustainable Development. Through our collaborative efforts with local government agencies, we work to leverage resources, expertise, and networks to maximize our impact. By fostering partnerships and alliances, we amplify our reach and effectiveness in addressing complex lending challenges in our society. Moreover, our commitment to transparency, accountability, and ethical business practices enhances trust and confidence in our partnerships, fostering a culture of cooperation and mutual support. Through these collaborative endeavors, Jibusti Finance contributes to building a more inclusive, resilient, and sustainable Tanzania, where shared goals are achieved through shared efforts and partnerships.

06.01 Un grand nombre de clients utilisent déjà un produit/service très similaire au nôtre.

4

06.02 Notre produit/service représente un type de produit/service entièrement nouveau

3

06.03 Notre produit/service pourrait être décrit comme une nouvelle technologie

3

06.04 Notre produit/service est une amélioration d'un produit ou d'un service existant

6

06.05 Notre produit/service pourrait être décrit comme une extension d'une gamme de produits ou de services

6

06.06 Notre produit/service répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

6

06.07 Notre produit/service est une nouvelle version d'un ancien produit/service

6

06.08 Justification

Jibusti Finance's program is distinctive in its dedication to serving individuals who typically lack access to lending opportunities. We are unwavering in our commitment to providing loans that empower those who might otherwise be unable to secure financial assistance. This unique aspect of our product sets us apart, as we prioritize reaching and supporting underserved communities. By extending our services to those traditionally excluded from mainstream financial systems, we strive to create greater opportunities for economic empowerment and social inclusion.

06.09 Analyse compétitive

In our landscape, we face competition from various microfinance organizations operating in Tanzania. However, what distinguishes us is our unwavering commitment to reaching and supporting individuals whom other institutions may overlook or hesitate to lend to. Beyond providing financial assistance, we go the extra mile by offering comprehensive training programs to empower our clients in effectively utilizing their loans. This holistic approach not only fosters financial empowerment but also equips individuals with the knowledge and skills needed to succeed in their ventures, thereby driving meaningful and sustainable change within our communities.

11.05 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?

I am fully dedicated to driving impactful change within my community through leading initiatives focused on amplifying the indispensable role of female entrepreneurs. Within my organization, I prioritize the empowerment of women by predominantly hiring them and fostering an environment that encourages them to envision possibilities beyond their current roles. Through personalized mentorship and unwavering support, I empower these women to explore their potential to the fullest extent. Moreover, I maintain an open-door policy in my office, encouraging my team members to approach me with any questions or concerns they may have, fostering a culture of collaboration, transparency, and mutual respect.