TCB’s KOPA MAJI initiative to boost water and sanitation access in Tanzania

Tanzania Commercial Bank (TCB) Director of Retail and Business Banking Mr. Henry Bwogi (centre) speaks during the launch of the ‘Kopa Maji Product.’ On his both sides are other bank officials.

What you need to know:

  • The innovative financ­ing solution aims to assist Tanzani­ans with projects that enhance water accessibility and sanitation quality, ranging from new water connections and well drilling to pit emptying ser­vices.

In August 2023, Tanzania Com­mercial Bank (TCB) introduced an ambitious loan service, Kopa Maji, designed to tackle one of Tanzania’s most pressing issues water and sani­tation access. The innovative financ­ing solution aims to assist Tanzani­ans with projects that enhance water accessibility and sanitation quality, ranging from new water connections and well drilling to pit emptying ser­vices.

Expanding access across financial products

Kopa Maji loans are intricate­ly woven into TCB’s diverse array of financial offerings. Customers can access these specialized loans through various channels, including business loans, corporate solutions, consumer financing, microfinance, and micro-housing support. This extensive accessibility underscores TCB’s commitment to integrating water and sanitation improvement with comprehensive financial solu­tions.

Tanzania Commercial Bank (TCB) Managing Director Mr Adam Mihayo speaks with the press earlier this year.

A strategic move toward national and global goals

The initiative directly supports the Tanzanian Government’s Nation­al Water Policy and aligns with the United Nations Sustainable Devel­opment Goal (SDG) Number 6, which emphasizes clean water and sanitation for all. By targeting this critical area, TCB not only contrib­utes significantly to national health and well-being but also furthers the economic growth by bolstering the small and medium-sized enterprise (SME) sector, which represents 30% of the country’s economic output.

Empowering SMEs and fuelling economic growth

In a recent statement, the CEO of Tanzania Commercial Bank Mr. Adam Mihayo detailed plans to infuse the SME sector with sub­stantial financial support. The bank intends to disburse more than Sh300 billion to SMEs throughout 2024, a strategic investment that will cata­lyse business operations, potentially leading to broader economic growth and employment opportunities.

Record profits indicate robust health

The financial health of TCB itself appears robust, with the bank post­ing a profit of Sh 10.7 billion after tax in the first quarter of 2024. This profitability not only demonstrates TCB’s solid market positioning but also supports its capacity to fund impactful community focused initi­atives like Kopa Maji.


An ongoing ‘Kopa Maji campaign’ in peripherals.

Looking ahead

With Kopa Maji, TCB is on track to enable over 61,000 Tanzani­ans to access clean and safe water by 2025, marking a significant step towards improved public health and enhanced quality of life. The program exemplifies how targeted financial products can play a pivot­al role in addressing fundamental social challenges, thereby setting a benchmark for the banking sector in Tanzania and beyond.

Tanzania Commercial Bank is leveraging its strong financial foun­dation to launch socially impactful initiatives that align closely with national priorities and global sus­tainability goals. Through Kopa Maji, TCB is not just a financial institution; it is a vital partner in the progress and well-being of Tanzanians.