Women entrepreneurs have been urged to adhere to all the terms and conditions after receiving loans through the M-Pesa Women Empowerment Initiative (MWEI)
Speaking in Tanga Region recently where more than 250 women received interest-free loans through the project, Korogwe District Commissioner, Mrisho Gambo said this will increase credibility and enable the women to get more loans in future, hence boosting their businesses.
Gambo urged the women to also make good use of the loans in order to support themselves economically and socially, as efforts to fight poverty in the country continue.
“It is not that easy to have access to loans in financial institutions. The MWEI project has however been of great help in this country and I urge all the women to take it up to benefit themselves and their families,” says Gambo, adding: “I applaud Vodacom Foundation for the endless efforts it has made to alleviate poverty in this country, and I hope the same spirit continues in days to come.”
The women received interest-free loans ranging from 50,000/- to 100,000/-, barely a month after another 250 benefited from the same initiative in Morogoro.
“It is clear that Vodacom cares for the welfare of its customers and Tanzanians at large. It is the responsibility of all of us to respect and be truthful in order to strengthen this relationship. I urge all those who have benefited from this project to always remember this,” he explained.
Vodacom Foundation Manager, Grace Lyon, explained that the MWEI project will continue with its commitment in supporting women across the country.
“Since this project was initiated in 2007, over 7,000 women in Tanzania have benefited from it. We are proud of its successes so far and we shall continue to support women through MWEI,” said Lyon.