The Deputy Minister for Health, Community Development, the
Elderly and Children, Dr Hamis Kigwangala, has promised to increase capital to
the Tanzania Women Bank (TWB) to enable the financial institution to lend to
more groups. He said this during the just ended celebrations to mark the International
Women’s Day which was held at Biafra grounds in Kinondoni, Dar es Salaam, where
he handed over title deeds for surveyed plots to various entrepreneurs who had
already completed to repay their loans. Dr Kingwangala said the aim for the
establishment of the Tanzania Women Bank (TWB) was to enable women to be able
to borrow, develop their businesses and educate their children. The
availability of the bank would help many women to access financial services and
raise their capital through loans with low interest rates.
Dr Hamis Kigwangala,
He also gave a
directive to the managing director of the institution to introduce microfinance
services to various SACCOS in the country so that many Tanzanians could benefit
from the services offered by the bank. He also ordered him to encourage women
entrepreneurs to process vegetables which are cultivated in the country and
find markets in and outside the country. He said it was not appropriate for
Tanzania to import vegetables while there were enough vegetables in the
country. For her part, the Permanent
Secretary in the Ministry of Health, Community Development, the Elderly and
Children, Sihaba Mukinga, urged women all over the country to seize the
opportunity of getting a loan for surveyed plots from the Tanzania Women Bank
(TWB). She said doing so would enable them to own property and have a title
deed which would help them to acquire loans from commercial banks. She
encouraged women to participate in large numbers during the climax of
International Women’s Week. She congratulated the TWB for providing surveyed
plots in the form of loans in collaboration with Ardhi Plan. For her part, the
chief accountant of the bank, Eliza Mbogo, has assured customers of the
financial institution of good quality services such as surveyed plots, cars,
motorcycles and bajaj (tri-cycles). A representative from Corporate Social
Responsibility and Empowerment (CSRE), Catherine Riombe, said that women were
encouraged to seize opportunities in the country’s mining sector.
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