Tanzania Commerical Banks to establish special window for loans to women

“I understand there are so many women who fail to access loans from this bank, why do not you establish special windows for women in other commercial banks what

Tanzania Commerical Banks to establish special window for loans to women

“I understand there are so many women who fail to access loans from this bank, why do not you establish special windows for women in other commercial banks what

15 September 2017 Friday 13:17
Tanzania Commerical Banks to establish special window for loans to women

By Felix Andrew

TANZANIAN government is mulling to establish a special window for women in various commercial banks which have extended branches that would enable more women to access loans, it has learnt.

The plans were announced disclosed by Deputy Minister for Health, Community Development, Gender, Elderly and Children, Dr Hamis Kigwangala, when responding to a supplementary question raised by Aisha Matembe, Special Seats Legislator in the Parliament session in Dodoma today.

In her question the MP Matembe wanted to know plans by the Tanzania women bank(TWB) to support women access loans.

“I understand there are so many women who fail to access loans from this bank, why do not you establish special windows for women in other commercial banks what are your plans,” She queried.

Responding, Deputy Minister Kigwangwala said the government wants to see more women access loans for their development.

“We would take your suggestion of establishing such window in commercial banks, but also other technology such as mobile phone will be applied,” he said.

Dr Kigwangala said already the bank has opened over seven training and financial centers in Dar es Salaam , Mbeya, Njombe, Ruvuma and Dodoma regions aimed at giving loans to women.

More centers will be opened in Singida ,Arusha and Zanzibar in the 2017 / 2018 financial year, he said.

However, despite being set to empower women economically and socially, TWB has also benefited a score of men through various development loans.

Figures show that some 3,181 men out of 12,874 of the bank's beneficiaries were offered various development loans in the year 2015.

According to the Banks Data presented, the bank has since issued a total of 20bn/- loans with 63 per cent (12.8bn/-) being issued to women while the rest went to men.

Azania Post

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