NBC director advocates ‘Biashara Clubs’ as vehicles for growth

12Nov 2019
Correspondent
Morogoro.
The Guardian
NBC director advocates ‘Biashara Clubs’ as vehicles for growth

NATIONAL Bank of Commerce’s Biashara Clubs are an important vehicles for business owners and managers to acquire knowledge and skills from bankers that will grow their businesses.

NBC’s Head of Small and Medium Enterprises, Evance Luhimbo making a presentation at the launch of NBC Biashara Club for Morogoro region which took  place over the weekend. Photo courtesy of NBC.

NBC Director of Business Banking, Elvis Ndunguru said during a Morogoro NBC Biashara Club launching last week that such vehicles are aimed at bringing together business people with different backgrounds to share experience, explore various market and investment opportunities both locally and abroad but also network with peers internationally.

Ndunguru noted that it was easier to impart knowledge to business people through the clubs anywhere in the country and that the bank’s course of action was informed by its reliable customer feedback mechanism.

“The launch of NBC Biashara Clubs in various parts of the country has so far been successful, and as such we shall continue to improve training modules by including study tours for local traders to various countries to learn practically,” Ndunguru said.

He noted that the bank’s management is planning to add to its study tour list more countries which are doing better in private businesses and economic growth so that NBC Biashara Club members can learn from their peers.

“Countries that can work as role models to us include Turkey, German and the US which far much better in every aspect,” he added while noting that NBC is planning to launch a special window for small and medium size enterprises run by women as a way of encouraging more to join.

Speaking earlier in the event on behalf of Morogoro District Commissioner, the municipality’s Livestock and Fisheries Officer, Mohamed Chamzimu said the clubs will help give members exposure to modern business practices, and that the training offered will inculcate professionalism among them.

“I call upon business people in Morogoro to seize this opportunity and join these clubs to network and grow your businesses,” Chamzimu said while stressing that the clubs will benefit both individuals and the nation at large.

On their part the traders thanked the bank for the high quality of its services and low interest rates on loans charged compared to other banks in the market. One of the businesspersons, Bupe Kamugisha said the fact that NBC has not been confiscating collateral right away after defaults to recover loans, businesspeople have afforded to repayment loans under rescheduled timetables.

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