type private industry financial services founded 2011 headquarters dar es salaam tanzania key people claude falgon chairman frank snieder ceo products loans checking savings investments debit cards total assets us 8.7 million tzs 15.3 billion march 2015 number of employees 179 2014 website homepage letshego bank t limited commonly known as letshego bank is a commercial bank in tanzania . it is one of the commercial banks licensed by bank of tanzania the central bank and national banking regulator . 1 contents 1 overview 2 history 3 ownership 4 branch network 5 governance 6 see also 7 references 8 external links overview edit letshego bank tanzania is a commercial bank regulated by the bank of tanzania . its social mission is to provide suitable and sustainable financial services to micro small and medium sized entrepreneurs and to low and medium income employees . it operates as a microfinance bank . as of march 2014 update the shareholders equity was valued at about 5.2 million us 6.5 million or tzs 11.4 billion . at that time customer deposits totaled approximately 1.8 million us 2.23 million or tzs 3.9 billion . it is estimated that the bank s total assets in march 2014 totaled 7.0 million us 8.7 million or tzs 15.3 billion . 2 history edit the bank then known as advans bank tanzania received a commercial banking license from the bank of tanzania in may 2010 . in february 2011 the bank opened its first branch in dar es salaam the commercial capital city of tanzania and the largest city in that east african country . opening with a staff of eighteen the bank planned to open more branches in dar es salaam and other areas of the country . 3 ownership edit the institution opened in 2011 as advans bank tanzania a joint venture between advans sa a venture capital firm registered in luxembourg as majority shareholder 70 percent and netherlands development finance company fmo 30 percent . advans sa aims to establish microfinance financial institutions in emerging economies . founded in 2005 advans sa owns microfinance institutions in the democratic republic of the congo cameroon ghana cambodia pakistan cote d ivoire and tanzania . as of march 2011 update advans sa had invested in excess of us 76 million eur 55 million in the countries where they operate . in november 2015 letshego holdings limited of botswana acquired 75 percent in the bank by investing us 7 million in new shares . 4 the table below depicts the shareholding within letshego bank tanzania as of november 2015 . 5 letshego bank t limited stock ownership rank name of owner percentage ownership 1 letshego holdings limited of botswana 75.0 1 advans sa of luxembourg 17.5 2 netherlands development finance company of netherlands 7.5 total 100.00 branch network edit letshego bank maintains a network of branches at the following locations 6 manzese branch 93 morogoro road manzese darajani dar es salaam main branch kariakoo branch kariakoo street at lumumba street kariakoo dar es salaam temeke branch opposite temeke primary court temeke dar es salaam mwanza branch lumumba road opposite mayi hotel mwanza mbeya branch soweto former royal zambezi mbeya . governance edit the chief executive officer of the bank is yohane kaduma . see also edit list of banks in tanzania list of banks in africa bank of tanzania economy of tanzania advans banque congo references edit bot 8 november 2014 . directory of commercial banks operating in tanzania . dar es salaam bank of tanzania bot . retrieved 8 november 2014 . advans sa . march 2014 . advans bank tanzania annual report april 2013 march 2014 pdf . advansbanktanzania.com . retrieved 8 november 2014 . mff . 24 february 2011 . advans sa opens fourth greenfield microfinance institution in tanzania . microfinancefocus.com mff . retrieved 8 november 2014 . the citizen reporter 29 july 2016 . tanzania rebranded bank s promise . the citizen tanzania via allafrica.com . dar es salaam . retrieved 29 july 2016 . abt 16 november 2015 . letshego acquires 75 percent stake in advans bank tanzania to advance its financial inclusion agenda for africa pdf . dar es salaam advans bank tanzania abt . retrieved 29 july 2016 . abt . the branch network of letshego bank . advans bank tanzania abt . retrieved 8 november 2014 . external links edit website of letshego bank tanzania tanzania rebranded bank s financial inclusive approach praised v t e banks of tanzania big four banks crdb bank exim bank national bank of commerce nbc national microfinance bank nmb commercial banks accessbank advans bank akiba commercial bank amana bank azania bank bank m bank of baroda barclays bank tanzania commercial bank of africa dar es salaam community bank diamond trust bank ecobank equity bank first national bank tanzania fbme bank habib african bank i & m bank icb bank kenya commercial bank mkombozi commercial bank nic bank people s bank of zanzibar major foreign banks bancabc bank of africa citibank bank of india stanbic bank standard chartered united bank for africa united bank limited financial institutions maendeleo bank tanzania postal bank tanzania women s bank limited development bank tanzania agricultural development bank tanzania investment bank central bank of tanzania v t e economy of tanzania currency tanzanian shilling bank of tanzania history ujamaa zanzibar economy poverty industry and business agriculture coffee cashew sisal mining companies tourism government agencies tanzania portal chamber of commerce tanzania ports authority taxation transport and infrastructure airports roads rail tazara railway dart julius nyerere international airport communications ttcl vodacom tigo airtel halotel sasatel seacom eassy finance and banking dar es salaam stock exchange dse banking microfinance telecommunications economic blocks east african community southern african development community energy tanesco power plants petroleum development tanzania atomic energy commission future east african railway master plan 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