ALTERNATIVE WAY OF THINKING

Open Mind Financial Network (OMFN)

OMT championed for the establishment of the village banking model (VICOBA) project aimed at building the culture of saving and providing credits to young entrepreneurs. It also has part of social services for the members who come across social undertakings such as weddings and sickness. It started 12 members and now more than 60 youth have already been subscribed. Currently, members are accessing loans from VICOBA. Upon availability of more funds, the scheme will extend its services to none members too.

The network also has helped other youth to open groups for sustainability and replicates the established model. It is the ideal of the project to grow to become the first youth micro-finance in Tanzania.