TANGAZO

CALL FOR PROPOSALS.

Tanzania Financial Services for Underserved Settlements (TAFSUS) is a Local Finance Facility which provides credit enhancement to Community Driven Settlement Upgrading Projects in the form of Guarantee or bridge finance. 

TAFSUS is a not-for-profit organization registered on 27th January 2009 with registration No 69478 as a Company limited by guarantee, located within TAWLAT offices, NIC Life House, 5th Floor at the Sokoine Drive/Ohio Avenue.

The Objectives of TAFSUS are:

·         To bring together key players involved in cities and national level settlement upgrading strategies to address the challenge of financing;

·         To catalyze the integration of commercial finance into settlement upgrading;

·         To provide mechanisms to blend different forms of funding to maximize affordability for the poor;

·         To provide a financial mechanism to support the implementation of city-based settlement upgrading strategies; and

·         To advocate for sound policies, enforcement of laws and proactive planning to prevent further growth/generation of unplanned areas.

TAFSUS is looking at supporting community initiatives through development of Bankable projects to access funds from commercial financial institutions with leverage of community contribution and Government subsidy. TAFSUS also offers technical support for developing and upgrading projects which include low cost housing, accesses to portable water and titling of properties in informal settlements.

TAFSUS has currently entered into Agreement with Azania Bank Limited to provide Credit Guarantee Facility to finance upgrading of unplanned settlements.

TAFSUS  now invites Associations, NGOs, Registered Communities or Groups to submit brief Concept Notes of maximum of 3 pages indicating name of organisation, nature of project, location, problem to be solved, beneficiaries, estimation of revenue and expenditures, Project costs and any other aspects that they feel should be known to enhance the acceptability of the project (Technical and Financial).

Budget Limit

The value of the Project per applying Organization, Group, community or individual differs depending on type of Project according to the guideline below:

Ø  Access to improved water supply; TZs. 30-100 Million per Project

Ø  Access to improved sanitation; TZs. 30-100 Million per Project

Ø  Housing Improvement; TZs. 1,000,000-5,800,000 per individual

Ø  Formalization of ownership; TZs. 500,000-4,800,000 per individual

Submission of the Concept Note

Mode of submission should be in hard copy and soft copy to;

TAFSUS Manager,

Tanzania Financial Services for Underserved Settlements,

P O Box 79603

Dar es Salaam- Tanzania

info@tafsus.co.tz

Tel No.  +255 22 2120285