Meet REAP

At TCF, we are dedicated to providing members of our community with economic opportunities that help them provide for themselves and their families. Since the launch of our Microfinance Program in 2008, we have been diversifying the local economy, encouraging entrepreneurs, and strengthening small businesses. By providing a range of loan opportunities, we have been able to help nearly 1,000 people launch businesses of their own and realize their dreams. 

 To incentivize repayment and help make our program sustainable, historically, we have charged a small interest on all loans provided to members of our community. Recognizing the unique economic challenges communities across the globe are facing in 2020 and to comply with changing regulations in Tanzania, our program will no longer charge interest on loans provided. To continue to promote fiscal responsibility, to qualify for larger loans members will still need to successfully repay loans within a fixed period.

As we welcome this change in our strategy, our Microfinance Program will take on a new name: Rifty Economic Advancement Program (REAP). As REAP continues to support local businesses and host continuous trainings to support deserving entrepreneurs, we are excited to see all the great things this program will accomplish in the years ahead.