Makazi Bora Finance Ltd (MBFL) was registered on 19th August 2019 as company limited by shares under Companies Act, Cap. 212 of 2002, with Registration No. 139725735. MBFL evolved from Habitat for Humanity Tanzania (HFHT) which was a registered Non-Governmental Organization under the Societies Ordinance with Registration Number SO 8677. Habitat for Humanity Tanzania (HFHT) which was established in 1986 with objective of improving housing standards for low income families under support of Habitat for Humanity International (HFHI). HFHT operated in various regions in Tanzania by designing and developing housing projects with contribution of skilled labor and durable materials. Houses were then given to households in terms of subsidized loans. In 2009, HFHT changed its operating model and introduced a housing microfinance programme namely, Makazi Bora. In this programme, HFHT issued loans (financing) to low- and middle-income families for incremental construction and house improvements. In June 2019 there were global changes at HFHI and the same necessitated closure of housing microfinance programmes in some countries, including Tanzania. Therefore, in August 2019 a new company known as Makazi Bora Finance Ltd (MBFL), was formed in order to take over microfinance services that were being provided by HFHT. The company started its operations in October 2019.
