Yesterday in Tanzania, President Clinton visited Barclays Clinton Global Initiative Commitment to Action, Banking on Change, in Ukonga Ward, where President Clinton and the delegation met with community members who have benefited from this program. Today, more than half of the adults in Tanzania have no accesses to either formal or informal financial services, and only 11 percent have a bank account. Through Barclays Banking on Change commitment, community members work together in self-governing groups to save regularly and access small loans from a group fund. The project is a microfinance partnership between Barclays and two charities, Plan UK and CARE International UK, that uses a community-led savings model to help people in underserved regions of the world manage their money, access loans, start or expand small businesses, and develop innovative banking products. Throughout the visit, community members demonstrated the steps of the savings transactions using a lock box and shared their success stories with President Clinton. Zainabu Rashid, a 22-year-old woman who owns a local beauty salon, showed President Clinton her store and explained about how she benefited from a loan from the investment group. On our blog, CGI shares their interview with Paulette Cohen, Head of Global Programmes for Barclays, where she discusses how Banking on Change is addressing financial exclusion in Africa by giving people the skills to save and effectively manage their money. Read the interview.
Later, President Clinton met with Tanzanian President Jakaya Kikwete at the Statehouse in Dar es Salaam, where they spoke about how the Clinton Foundation and the Tanzanian government will work together to improve the livelihoods of Tanzanian farmers and signed a memorandum of understanding (MOU). Additionally, Walker Morris, CEO of the Clinton Development Initiative, and Sophia Kaduma, Permanent Secretary of Tanzania, signed an MOU finalizing the expansion of the Clinton Foundation’s Anchor Farm Project into Tanzania. This MOU is a follow-up to the MOU President Clinton signed on July 12, 2013, with Sharon Dijksma, the Dutch Minister for Agriculture, which formalized the Government of the Netherlands and the Clinton Foundation’s work to scale up Climate Smart Agricultural practices in Africa and increase the household incomes of smallholder farmers in Malawi and Tanzania. View photos from Tanzania.
Today, President Clinton and Chelsea will visit Zanzibar and see how the Clinton Health Access Initiative has been working with the government of Tanzania to improve medical professionals’ education about HIV/AIDS care and treatment; attend a soccer event that will help create awareness for malaria testing; and, meet with ZAPHA+, the Zanzibar Association of People Living with HIV and AIDS in Stone Town.
Follow President Clinton, Chelsea Clinton’s travels through Africa to visit Foundation and CGI commitments on the Clinton Foundation's Facebook at Facebook.com/ClintonFoundation, Twitter at @ClintonFdn, and Instagram at Instagram.com/ClintonFoundation pages.