Buza Ward Councilor in Dar es Salaam Morris Kapinga on Thursday this week closed training on entrepreneurship, urging the participants to formalize their business to access crucial services.
The week-long training, conducted by the Small Industries Development Organisation (SIDO) attracted 33 women entrepreneurs from the city, at the end of which they were awarded certificates
Kapinga said: “You have to register with authorities such as Business Registration and Licensing Agency (BRELA), Tanzania Revenue Authority (TRA) and Tanzania Food and Drugs Authority (TFDA) to facilitate your activity.”
Registration of business or having a tax payer identification number ensures an entrepreneur recognition and access to various services including loans from financial institutions.
“You have to make use of the knowledge you got here in your daily activities to improve income in your families and the whole nation”, he said.
Kapinga thanked SIDO for conducting such training and urged entrepreneurs to have a systematic way of doing their businesses and besides respecting work cont
He urged government to provide trainers and facilitators with adequate knowledge to enhance their capacity to respond to Small and Medium Enterprises (SMEs) needs in terms of technology and market requirements.
“Speaking on behalf of entrepreneurs, Neema Kusaga, thanked SIDO and asked the government to avail them with loans
She said lack of capital was a main challenge facing many women entrepreneurs who fail to access loans from banking institutions because they do not have collateral.
“Most financial institutions are not so friendly to us when we look for loans,” she said.
They also asked the organisers to extend the seminar training duration to make them grasp the subjects better.
“SIDO should consider the possibility of extending the training duration which would enable us to learn various things,” she said.
Earlier, the acting SIDO Dar es Salaam regional manager Oswald Mfaeka said his organisation has been helping entrepreneurs to access loans ranging from 100,000/- to 6m/- with affordable conditions.
He said for any entrepreneur in need of more than the maximum loan offered by them, they link him with financial institution to get such service.