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Take home loans, Tanzanians told

10th December 2012
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Jordan Rugimbana

Tanzanians have been challenged not to avoid taking home loans since it is one of the ways which would ensure they get it at an affordable price.

This was said at the weekend in Dar es Salaam by the Kinondoni District Commissioner, Jordan Rugimbana, soon after he opened the second Tanzania homes expo.

The two-day event was sponsored by various organizations and it attracted 54 local and foreign exhibitors who displayed various items.

Rugimbana said the price of a home has been falling because there are many developers and institutions which have shown interest in developing the industry.

“I urge Tanzanians to change their minds and start taking home loans offered by various institutions for the betterment of their livelihood and economy,” he said.

The DC said there is no need for them to fear owning their own homes because there are many insurance companies that would provide cover for their properties.

He said the government would continue to promote the development of housing to enable more people particularly the low income earners to own houses.

For his part, the event director, Zeno Ngowi thanked the government for the support it provides to enable such events to take place.

He said the number of exhibitors has increased to 54 from 32 who took part during the past expo held in June this year.

“The event is a typical home solution providers and buyers at the Expo to take part in this newly launched property exhibition of its kind in the country. It is an opportunity to find home solutions as well as new business for home solution providers,” he said.

According to him this time, business to business will be added to the offerings to enable the exhibitors to enhance their businesses and network.

During the first expo, he said, they witnessed large number of property developers, banks, decoration companies, insurance companies, alternative energy companies and agents took part, he noted.

He noted that some exhibitors who have taken part in the second event are large numbers of banks, real estate companies, decoration companies and alternative energy companies.

Ngowi also said supporting and related industries from building and construction products, to roofing products, solar products, insurance companies, interior decorators and furniture stores and major construction firms took part.

SOURCE: THE GUARDIAN