Dar es Salaam, April 23 -- DAR ES SALAAM: Stanbic Bank Tanzania has officially launched the eMkopo service, a digital loan specifically designed for public servants, through an official collaboration with the Governments Watumishi Portal system (https://ess.utumishi.go.tz).

The service will enable public servants in the country to apply for and receive loans of up to 200m/-, with a repayment period of up to 108 months (equivalent to 9 years), through a simple and digital process without the need to visit bank branches.

Speaking at the launch on Wednesday, Emmanuel Mahondanga, Head of Personal Banking at Stanbic Bank said the launch of eMkopo marks a significant step in providing financial services that align with todays needs.

“B...