Speaking at an entrepreneurs’ training workshop held in Dar es Salaam yesterday, Mbogo said her bank aims at providing capacity building to small-scale businesses including farming so as to grow their ventures.
“The bank provides various types of loans. In fact our existence has enabled both women and men with low incomes to benefit from the disbursed loans. For the bank to serve them well, entrepreneurs are encouraged to form groups, which of course, serve as guarantor when accessing loan facilities,” Mbogo said.
She further said that TWB is improving its service delivery system so as to cope with the increased stiff competition posed by the market players. And according to her, the banks’ customer base includes entrepreneurs, processors and farmers.
Opening its doors to the public on July 28, 2009, TWB has been able to spread its wings in a number of regions which include Dar es Salaam, Dodoma, Mbeya and Mwanza.
The bank uses Umoja Switch, and also uses mobile phone money transfer services for its customers to easily do their transactions wherever they are without making physical appearance at the bank
The accountant, therefore, urged Small and Medium Enterprises (SMEs) to make use of the opportunities.
For their part, entrepreneurs have congratulated the bank for providing training to various entrepreneurs’ groups so as to build their capacity of using in a better way the loan they get from the bank and improve their living standards.
Treasurer of Faraja group in Tabata in Dar es Salaam, Fatha Rashid said the training has helped them to deal with various challenges facing their businesses including record keeping and accounting.
She said they can now show the books of accounts to inspectors whenever they visit them.
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