DODOMA, Oct. 2 -- SMALL and Medium Entrepreneurs (SMEs) in Dodoma have been urged to maintain strict financial discipline to avoid exploitative informal loans.

At a workshop on accessing loans from TIB Development Bank, Assistant Regional Administrative Secretary Ms Mwajabu Nyamkomora warned that many entrepreneurs misuse loans for family expenses instead of reinvesting.

“Borrowed money must be repaid with interest. Misusing it puts you at risk. Financial discipline is key,” she cautioned.

She urged entrepreneurs to use loans productively to protect their capital, emphasizing that sound financial management improves livelihoods.

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