TANZANIA: BANKS SET FRIENDLY LENDING CONDITIONS TO WOMEN

MOST women entrepreneurs in the country can easily acquire loans, thanks to friendly conditions set by lenders in their bid to address challenges impeding small scale women traders in accessing financing. The National Microfinance Bank (NMB) Head of Government Business, Vicky Bishubo said that the bank has created products like Fanikiwa Account to empower women economically and boost their capital. “Since we introduced Fanikisha Account, it has received a great response as many women, especially small-scale traders….,” she said.