THE FINANCIAL SECTOR DEEPENING TRUST, TANZANIA (FSDT)
PROVISION OF CONSULTANCY SERVICES FOR FINSCOPE SURVEY 2008 IN TANZANIA Call for Expressions of Interest (EoIs) (RE- ADVERTISED) Background The Financial Sector Deepening Trust (FSDT) was incorporated in Tanzania on 1st July 2004. The FSDT's overall aim is to develop a deeper financial system that can provide greater access to finance of more Tanzanians. Among its secondary objectives are:
- Provide funding to support the development of new financial products that address the needs of poor households and micro and small enterprises
- Support improvements in the policy, legislative and regulatory framework affecting delivery of services
- Support initiatives aimed at improving financial market integration and access to wholesale forms of finance by financial service providers addressing poor households and micro and small enterprises
- Support initiatives aimed at enhancing the supply of appropriate business services to financial service providers in Tanzania.
In 2006 the FSDT funded a collaboration of FinMark Trust (FMT), Steadman Group and the National Bureau of Statistics (NBS) to conduct the first ever national survey of the demand for, and barriers to, accessing financial services survey. This "FinScopeTM" survey was conducted in July-August that year. FinScope is a FinMark Trust [1] initiative and is a nationally representative study of consumer perceptions of financial services and issues. It is designed to provide insight into how consumers source their income and manage their financial lives. The sample covers the entire adult population, rich and poor, urban and rural, in order to create a segmentation, or continuum, of the entire market and to lend perspective to the various market segments. FinScope explores consumer usage of informal as well as formal products and builds a picture of the role that the informal sector can play in the financial markets of developing countries. Since FinScope is a study of perceptions, it also encompasses attitudes, behaviours, quality of life factors and consumption patterns.[2] The survey should be carried out every two years, which will allow it to generate data for tracking a wide variety of financial sector developments. |