The founder of Africa Amini Alama charity, Dr. Christine Wallner plans to introduce microfinance services to Ngabobo remote village in Arumeru district to enable villager's access interest-free-credits.
For starters, Dr. Wallner issued an interest-free-loan worth Tsh 1,000,000 to a newly formed Ngabobo village community bank (Vicoba), in her efforts to create economic and social development from the grass root level.
"My work is to empower poor people. I have issued this seed money to Amani vicoba to be able to issue soft loans to its members to start income generating schemes" Dr. Wallner said.
She believes that if the pioneer vicoba would be successful, its model would be replicated to other villagers slowly, but at the end of the day its multiply effect would trickle down to the majority of villagers.
Dr. Wallner said that the Maasai people at Ngabobo village like any other rural population across the country are hungry of financial services to build up small-scale businesses.
"These poor people need to build up a number of businesses, if the war against poverty, is to be won, but there's nowhere to access credit" she added.
Amani Vicoba chairperson, Happy Joshua was grateful to Dr. Wallner for extending her financial support to its infant rural microfinance institute.
"Now, we would be able to issue soft loans to our members who are in dire need of microfinance services to start small businesses" Mrs Joshua explained.
Amani Vicoba launched late last week, has 30 active members of which 24 are women and six are men.
Ngabobo village chairman, Zabloni Ndeeka Kimaki implored financial institutions to bring their services closer to rural populations in order to ease their plight.
"Financial services accessibility is a big challenge for our development here. We do not have access to loans, but to make the matters worse, even when we want to save our little money we earn from agriculture, we are compelled to travel 50km to follow the bank" Mr Kimaki explained.
Available reports indicate that hardly 12 per cent of Tanzania's 45 million people have access to formal banking services, meaning that there are still 38 million Tanzanians - close to 90 per cent of the population - who still keep money under their beds or pillows.
Analysts say that it is unfair to see such a huge number of Tanzanians do without bank accounts as the country moves towards a cashless economy where credit cards would dominate in almost all transactions.
Recently, President Jakaya Kikwete raised his concern over the financial service providers - commercial banks in particular - being crowded in urban centres, locking out the rural populations from the noble services.