When farmers in Tanzania’s north want to take out a loan or earn interest on their savings, they go to Moshi, on the southern slopes of Mount Kilimanjaro, in Tanzania. That’s where the 330,000 members of the Evangelical Lutheran Church in Tanzania’s Northern Diocese run a bank. Not only are these Lutherans improving the lives of the poor, they’re also making a profit.
|Anjela Moshi is a loan manager for Uchumi, a bank that is an outreach of the Evangelical Lutheran Church in Tanzania. The bank offers loans and savings accounts for poor people who would be ineligible at most other commercial banks. |
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