Bank brings SMEs on board as it launches business club in Tanga

26Feb 2020
The Guardian
Bank brings SMEs on board as it launches business club in Tanga

​​​​​​​THE National Bank of Commerce (NBC) has launched a business club in Tanga region aimed at bringing together Small and Medium Enterprises (SMEs) to share ideas and address challenges affecting their businesses.

Director for Tanga city council Daudi Maheji.

NBC also hosted the SMEs on training to empower them on how to run their businesses as well as tap other opportunities along the way.

Speaking during the training earlier this week, the head of business at NBC Elvis Ndunguru said the bank is committed towards facilitating easy and smooth banking to all groups including SMEs who are key towards economic growth.

He said the launching of the club makes the number of bank’s clubs nine countrywide with a strategy to unite them so they collectively discuss how to see and utilize opportunities.

According to him the clubs have been a platform for finding markets as well as empowering them financially for business growth.

“NBC club is a unique platform for educating SMEs on various issues affecting their businesses, and since there establishment, members have benefiting from training including the use of accounts books, market knowledge and taxpayer education,” he said.

Among the benefits according to Ndunguru includes members have lower interests loans as well as low foreign exchange rates.

He added that the training was being offered seeing that there was high demand from the SMEs to reduce loses and being cheated by dishonest workers.

In his remarks the Director for Tanga city council Daudi Maheji who officiated the opening of the club hailed the bank for the initiative saying it will go a long way into creating honest businesses.

He urged the SMEs to be very strict on record keeping to avoid conflicts with the tax man.

One of the beneficiaries of the clubs who is also an NBC customer Haji Mambo said through the clubs he has been able to connected to various people globally giving an example of  a trip to China in which he met various successful business men and women.

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