The Tanzania - Housing Finance Project

Abstract*

The development objective of the Housing Finance Project for Tanzania is to develop the housing mortgage finance market through the provision of medium and long-term liquidity to mortgage lenders. There are three components to the project. The first component of the project is development of the mortgage market. This is the main component of the project. This component is centered on the creation and development of the Tanzanian Mortgage Refinance... Show More

Development Objective

The revised PDO is as follows: To facilitate the development of the housing finance market through the provision of medium and long-term liquidity to lenders.

Key Details

Project Details

Project ID
P117242
Status
Closed
Team Leader
Yoko Doi
Borrower 2
United Republic of Tanzania

Country
Tanzania
Disclosure Date
October 19, 2009
Approval Date
(as of board presentation)
March 9, 2010
Effective Date
January 21, 2011

Total Project Cost 1
US$ 42.00 million
Implementing Agency
BANK OF TANZANIA
Region
Eastern and Southern Africa
Fiscal Year 3
2010

Commitment Amount
US$ 40.00 million
Environmental Category
B
Last Update Date
July 15, 2022
Closing Date
June 28, 2019

Last Stage Reached
BANK APPROVED

Associated Projects
P151220

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Financial Stability50%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring50%

FY17 - Private Sector Development

FY17 - Business Enabling Environment50%
- FY17 - Investment and Business Climate50%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	40.00
Borrower/Recipient	2.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	40.00
IBRD + IDA Commitment	40.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	42.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Aug 15, 2019	IDA-55900	Int Charges	5,790.54
Aug 15, 2019	IDA-55900	Int Charges	186,946.47
Aug 15, 2019	IDA-55900	Int Charges	186,946.47
Feb 15, 2020	IDA-55900	Int Charges	3,430.21
Feb 15, 2020	IDA-55900	Int Charges	3,430.21
Feb 15, 2020	IDA-55900	Int Charges	212,788.77
May 15, 2019	IDA-47120	Int Charges	1,977.46
May 15, 2019	IDA-47120	Int Charges	1,977.46
Jul 15, 2019	IDA-55900	Loan Disb	7,565,467.00
May 15, 2019	IDA-47120	Int Charges	128,004.32
May 15, 2019	IDA-47120	Int Charges	128,004.32
Nov 15, 2019	IDA-47120	Int Charges	943.13
Nov 15, 2019	IDA-47120	Int Charges	943.13
Nov 15, 2019	IDA-47120	Int Charges	128,177.33
Nov 15, 2019	IDA-47120	Int Charges	128,177.33
May 15, 2018	IDA-47120	Int Charges	343.72
Nov 15, 2018	IDA-47120	Int Charges	127,562.38
Nov 15, 2018	IDA-47120	Int Charges	127,562.38
Jan 30, 2019	IDA-55900	Loan Disb	16,625,337.00
Feb 15, 2019	IDA-55900	Int Charges	976.51
Feb 15, 2019	IDA-55900	Int Charges	976.51
Feb 15, 2019	IDA-55900	Int Charges	123,812.99
Feb 15, 2019	IDA-55900	Int Charges	123,812.99
Nov 15, 2018	IDA-47120	Int Charges	2,357.35
Nov 15, 2018	IDA-47120	Int Charges	2,357.35
Feb 15, 2018	IDA-55900	Int Charges	100,418.36
Feb 15, 2018	IDA-55900	Int Charges	100,418.36
Aug 29, 2018	IDA-55900	Int Charges	3,114.26
Aug 29, 2018	IDA-55900	Int Charges	3,114.26
Aug 29, 2018	IDA-55900	Int Charges	122,322.90
Aug 29, 2018	IDA-55900	Int Charges	122,322.90
May 15, 2018	IDA-47120	Int Charges	132,378.05
May 15, 2018	IDA-47120	Int Charges	132,378.05
May 15, 2018	IDA-47120	Int Charges	1,918.83
May 15, 2018	IDA-47120	Int Charges	1,918.83
Mar 9, 2010	IDA-47120	Loan Commitment	40,000,000.00
Feb 24, 2015	IDA-55900	Loan Commitment	60,000,000.00
Feb 15, 2024	IDA-55900	Int Charges	189,463.20
May 17, 2024	IDA-47120	Int Charges	114,518.20
May 17, 2024	IDA-47120	Int Charges	114,518.20
Feb 15, 2022	IDA-55900	Loan Repay	891,724.40
Feb 15, 2022	IDA-55900	Int Charges	210,799.08
Feb 15, 2022	IDA-55900	Int Charges	210,799.08
Feb 15, 2022	IDA-55900	Loan Repay	15,112.89
May 15, 2022	IDA-47120	Loan Repay	7,256.52
Aug 15, 2022	IDA-55900	Int Charges	198,731.19
Aug 15, 2022	IDA-55900	Int Charges	198,731.19
Aug 15, 2022	IDA-55900	Int Charges	3,243.62
Aug 15, 2022	IDA-55900	Int Charges	3,243.62
Aug 15, 2022	IDA-55900	Loan Repay	854,757.75
Aug 15, 2021	IDA-55900	Int Charges	434.24
Aug 15, 2021	IDA-55900	Int Charges	434.24
Aug 15, 2021	IDA-55900	Loan Repay	919,467.10
Aug 15, 2021	IDA-55900	Int Charges	220,672.11
Aug 15, 2021	IDA-55900	Int Charges	220,672.11
Nov 15, 2021	IDA-47120	Int Charges	128,143.69
Nov 15, 2021	IDA-47120	Int Charges	128,143.69
Nov 15, 2021	IDA-47120	Int Charges	3,429.86
Nov 15, 2021	IDA-47120	Int Charges	3,429.86
Nov 15, 2021	IDA-47120	Loan Repay	352,285.06
Dec 19, 2013	IDA-47120	Loan Disb	8,429,339.00
Nov 29, 2013	IDA-47120	Int Charges	52,306.43
Nov 29, 2013	IDA-47120	Int Charges	52,306.43
Nov 15, 2013	IDA-47120	Int Charges	370.89
Nov 15, 2013	IDA-47120	Int Charges	370.89
Nov 15, 2014	IDA-47120	Int Charges	479.57
Nov 15, 2014	IDA-47120	Int Charges	479.57
Jul 31, 2013	IDA-47120	Loan Disb	6,545,189.50
Dec 2, 2014	IDA-47120	Int Charges	90,169.30
Dec 2, 2014	IDA-47120	Int Charges	90,169.30
May 25, 2022	IDA-47120	Int Charges	121,679.94
May 25, 2022	IDA-47120	Int Charges	121,679.94
May 25, 2022	IDA-47120	Loan Repay	330,649.62
May 15, 2021	IDA-47120	Int Charges	1,107.94
May 15, 2021	IDA-47120	Int Charges	1,107.94
May 15, 2021	IDA-47120	Loan Repay	360,752.84
May 15, 2021	IDA-47120	Int Charges	129,064.40
May 15, 2021	IDA-47120	Int Charges	129,064.40
Aug 20, 2020	IDA-55900	Int Charges	211,792.14
Aug 20, 2020	IDA-55900	Int Charges	211,792.14
Feb 15, 2021	IDA-55900	Int Charges	5,266.03
Feb 15, 2021	IDA-55900	Int Charges	5,266.03
Feb 15, 2021	IDA-55900	Int Charges	223,401.06
Feb 15, 2021	IDA-55900	Int Charges	223,401.06
Nov 15, 2020	IDA-47120	Int Charges	131,078.55
Nov 15, 2020	IDA-47120	Int Charges	131,078.55
Nov 15, 2020	IDA-47120	Loan Repay	6,473.24
Nov 15, 2020	IDA-47120	Loan Repay	349,545.47
Feb 15, 2020	IDA-55900	Int Charges	212,788.77
Apr 16, 2020	IDA-55900	Loan Disb	-86,795.74
May 15, 2020	IDA-47120	Int Charges	124.62
May 15, 2020	IDA-47120	Int Charges	124.62
May 15, 2020	IDA-47120	Loan Repay	340,865.94
May 15, 2020	IDA-47120	Int Charges	127,824.72
May 15, 2020	IDA-47120	Int Charges	127,824.72
Apr 16, 2020	IDA-55900	Loan Cancel	94,774.04
Aug 15, 2020	IDA-55900	Int Charges	2,621.48
Aug 15, 2020	IDA-55900	Int Charges	2,621.48
Aug 15, 2019	IDA-55900	Int Charges	5,790.54
May 15, 2018	IDA-47120	Int Charges	-343.72
Nov 16, 2017	IDA-47120	Int Charges	2,322.18
Nov 16, 2017	IDA-47120	Int Charges	2,322.18
Aug 28, 2017	IDA-55900	Int Charges	536.54
Aug 28, 2017	IDA-55900	Int Charges	536.54
Aug 28, 2017	IDA-55900	Int Charges	98,220.13
Aug 28, 2017	IDA-55900	Int Charges	98,220.13
Oct 12, 2017	IDA-47120	Loan Cancel	742,791.20
Mar 14, 2018	IDA-55900	Loan Disb	7,534,149.00
Feb 15, 2018	IDA-55900	Int Charges	2,603.15
Feb 15, 2018	IDA-55900	Int Charges	2,603.15
Feb 15, 2017	IDA-55900	Int Charges	21.71
Feb 15, 2017	IDA-55900	Int Charges	21.71
May 15, 2017	IDA-47120	Int Charges	3,531.46
May 15, 2017	IDA-47120	Int Charges	3,531.46
May 16, 2017	IDA-47120	Int Charges	125,972.57
May 16, 2017	IDA-47120	Int Charges	125,972.57
Feb 15, 2017	IDA-55900	Int Charges	67,551.97
Feb 15, 2017	IDA-55900	Int Charges	67,551.97
Oct 12, 2017	IDA-47120	Loan Disb	-726,706.20
Nov 16, 2017	IDA-47120	Int Charges	134,730.19
Nov 16, 2017	IDA-47120	Int Charges	134,730.19
May 15, 2016	IDA-47120	Int Charges	3,075.59
May 15, 2016	IDA-47120	Int Charges	3,075.59
May 19, 2016	IDA-47120	Int Charges	122,221.02
May 19, 2016	IDA-47120	Int Charges	122,221.02
Nov 15, 2016	IDA-47120	Int Charges	1,114.80
Nov 15, 2016	IDA-47120	Int Charges	1,114.80
Nov 15, 2016	IDA-47120	Int Charges	129,878.97
Nov 15, 2016	IDA-47120	Int Charges	129,878.97
Aug 19, 2016	IDA-55900	Int Charges	38,473.12
Aug 19, 2016	IDA-55900	Int Charges	147.77
Aug 19, 2016	IDA-55900	Int Charges	147.77
Aug 19, 2016	IDA-55900	Int Charges	38,473.12
Jun 6, 2016	IDA-47120	Loan Disb	2,281,125.00
Nov 10, 2016	IDA-55900	Loan Disb	15,977,549.00
Nov 24, 2015	IDA-47120	Int Charges	1,580.25
Nov 24, 2015	IDA-47120	Int Charges	1,580.25
Nov 24, 2015	IDA-47120	Int Charges	123,766.52
Nov 24, 2015	IDA-47120	Int Charges	123,766.52
Nov 24, 2015	IDA-55900	Loan Disb	10,050,000.00
Feb 15, 2016	IDA-55900	Int Charges	17,170.02
Feb 15, 2016	IDA-55900	Int Charges	17,170.02
Jun 29, 2016	IDA-47120	Loan Disb	-9,991.76
Jun 29, 2016	IDA-47120	Loan Disb	9,991.76
May 15, 2015	IDA-47120	Int Charges	2,340.56
May 15, 2015	IDA-47120	Int Charges	2,340.56
May 27, 2015	IDA-47120	Int Charges	115,167.24
May 27, 2015	IDA-47120	Int Charges	115,167.24
May 27, 2014	IDA-47120	Int Charges	89,657.12
May 27, 2014	IDA-47120	Int Charges	89,657.12
Dec 12, 2014	IDA-47120	Loan Disb	10,888,020.00
May 27, 2014	IDA-47120	Int Charges	563.08
May 27, 2014	IDA-47120	Int Charges	563.08
Feb 15, 2024	IDA-55900	Loan Repay	2,669.68
Feb 15, 2024	IDA-55900	Int Charges	107.04
Feb 15, 2024	IDA-55900	Int Charges	107.04
Feb 15, 2024	IDA-55900	Loan Repay	853,661.20
Feb 15, 2024	IDA-55900	Int Charges	189,463.20
May 17, 2024	IDA-47120	Int Charges	2,589.90
May 17, 2024	IDA-47120	Int Charges	2,589.90
May 17, 2024	IDA-47120	Loan Repay	331,936.75
Nov 15, 2023	IDA-47120	Int Charges	113,392.77
Nov 15, 2023	IDA-47120	Int Charges	113,392.77
Nov 15, 2023	IDA-47120	Loan Repay	332,581.16
Nov 15, 2023	IDA-47120	Int Charges	13.86
Nov 15, 2023	IDA-47120	Int Charges	13.86
Nov 15, 2023	IDA-47120	Int Charges	2,502.72
Nov 15, 2023	IDA-47120	Int Charges	2,502.72
Aug 15, 2024	IDA-55900	Int Charges	171,957.78
Aug 15, 2024	IDA-55900	Loan Repay	14,208.17
Aug 15, 2024	IDA-55900	Loan Repay	852,318.50
Aug 15, 2024	IDA-55900	Int Charges	171,957.78
May 17, 2023	IDA-47120	Int Charges	7,286.16
May 17, 2023	IDA-47120	Int Charges	7,286.16
May 17, 2023	IDA-47120	Loan Repay	335,645.34
May 17, 2023	IDA-47120	Int Charges	115,789.20
May 17, 2023	IDA-47120	Int Charges	115,789.20
Feb 15, 2023	IDA-55900	Int Charges	192,815.72
Feb 15, 2023	IDA-55900	Int Charges	192,815.72
Feb 15, 2023	IDA-55900	Loan Repay	9,147.63
Feb 15, 2023	IDA-55900	Loan Repay	856,608.70
Aug 21, 2023	IDA-55900	Int Charges	5,202.16
Aug 21, 2023	IDA-55900	Int Charges	5,202.16
Aug 21, 2023	IDA-55900	Loan Repay	861,807.44
Aug 21, 2023	IDA-55900	Int Charges	193,906.69
Aug 21, 2023	IDA-55900	Int Charges	193,906.69
Nov 15, 2022	IDA-47120	Int Charges	110,391.64
Nov 15, 2022	IDA-47120	Int Charges	110,391.64
Nov 15, 2022	IDA-47120	Loan Repay	319,186.88
Nov 15, 2022	IDA-47120	Int Charges	67.25
Nov 15, 2022	IDA-47120	Int Charges	67.25
Nov 15, 2022	IDA-47120	Loan Repay	10,791.52

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Unsatisfactory	2019-06-27
Financial Management	Satisfactory	2019-06-27
Overall Implementation Progress (IP)	Moderately Satisfactory	2019-06-27
Progress towards achievement of PDO	Moderately Satisfactory	2019-06-27
Monitoring and Evaluation	Moderately Satisfactory	2019-06-27
Counterpart Funding	Satisfactory	2019-06-27
Project Management	Moderately Satisfactory	2019-06-27

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 04-28-2020
Outcomes
Risk to Development Outcome	Substantial
Bank Performance
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-26-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Outstanding volume of eligible housing loans financed by TMRC (TZS billions) Value 0.00 145.50 95.90
Date March 31, 2010 June 28, 2019 February 2, 2015
Comment
Number of financial institutions offering mortgage product Value 1.00 33.00 31.00
Date March 31, 2010 March 25, 2019 February 2, 2015
Comment
Outstanding volume of TMRC bond issuance (TZS billion) Value 0.00 25.70 39.52
Date March 31, 2010 June 25, 2019 February 2, 2015
Comment
Outstanding volume of microfinance loans financed by project (TZS billions) Value 0.00 29.87 30.00
Date March 31, 2010 March 29, 2019 February 2, 2015
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

1a - Number of financial institutions refinanced by TMRC Value 0.00 15.00 0.00
Date March 31, 2010 March 29, 2019
Comment
2a - Number of credit institutions supported by the project providing housing microfinance loans Value 0.00 7.00 12.00
Date September 30, 2014 June 28, 2019 March 9, 2015
Comment
1b # Outstanding volume of loans refinanced by the TMRC (TZS billions) Value 0.00 61.34 49.00
Date March 31, 2010 June 28, 2019 February 2, 2015
Comment
Outstanding volume of funds provided to financial institutions for the purpose of originating housing microfinance loans (TZS billions) Value 0.00 29.87 0.00
Date March 9, 2010 June 28, 2019
Comment
Outstanding volume of Eligible housing loans pre-financed by TMRC (TZS billion) Value 0.00 16.15 0.00
Date March 31, 2010 June 28, 2019
Comment
Outstanding volume of loans pre-financed by the TMRC (TZS billion) Value 0 63.83 73.2
Date March 31, 2010 June 28, 2019 February 2, 2015
Comment

Outstanding volume of eligible housing loans financed by TMRC (TZS billions)	Value	0.00	145.50	95.90
	Date	March 31, 2010	June 28, 2019	February 2, 2015
	Comment

Number of financial institutions offering mortgage product	Value	1.00	33.00	31.00
	Date	March 31, 2010	March 25, 2019	February 2, 2015
	Comment

Outstanding volume of loans pre-financed by the TMRC (TZS billion)	Value	0	63.83	73.2
	Date	March 31, 2010	June 28, 2019	February 2, 2015
	Comment