Women’s bank urges female entrepreneurs to get loans

03Jul 2017
Prosper Makene
The Guardian
Women’s bank urges female entrepreneurs to get loans

WOMEN entrepreneurs have been called upon to use banking services provided by Tanzania Women’s Bank togrow their business and contribute to economic growth of the country.

WOMEN entrepreneurs have been called upon to use banking services provided by Tanzania Women’s Bank togrow their business and contribute to economic growth of the country.

TWB’s Managing Director, Japhet Justinetold journalists at the ongoing 41stDar es Salaam International Trade Fairbeing held at Mwalimu Julius Nyereregrounds that women should use theirbank to get loans to establish or developtheir businesses.

“Women who want to improve theirentrepreneurship and have businessideas or have small businesses whichthey want to grow, should come to thisbank to get loans and other banking services,”Justine said.

He added that DITF, the bank hasbrought a number of women entrepreneurswho have benefited from their servicesto exhibit their various products sothat their peers can see and buy fromthem also.

“If you visit Mama Anna Mkapa’s pavilion,you will learn something,” saidJustin. The TWB’s chief executive furthernoted that his bank offers small andlarge loans but also allows customers toopen bank accounts to keep their depositssafely.

He said the bank which has only twobranches in Dar es Salaam and outletsin Songea, Makambako, Mwanza, Iringaand Dodoma has plans to expand its networkto the whole country.

On his part, Fumbuka Spices Chief ExecutiveOfficer, Mpalley Mwaipola saidthe bank had enabled her to grow herbusiness through a loan.

“I started with 300,000/- and throughthe bank’s loan have grown my businessto 25m/- enterprise which is an agroprocessor,“ Mwaipola said. She added:“The market for my products is goodand I hope to continue growing with useof the bank’s services,” she insisted.

Lilyan Fashion Design’s MarketingManager, Violeth Rweyememu said shewas involved in the making of batikclothes initially but has now grown tobig business.

“At this exhibition I have broughtshirts for adults and clothes for kidsmade by women entrepreneurs withsupport from the bank,” she said whileurging other women in the country touse TWB’s services.

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