VP Mpango bemoans grueling interest rates
Click here to read full article from source
Dar es Salaam, Nov. 25 -- THE onlyVice-President, Dr Philip Mpango, has tasked financial institutions in the country to revisit conditions for issuance of loans including the requirement by borrowers to tender immovable assets to access loans, noting that the terms have been a hindrance to access credit facilities by majority of Tanzanians.
Dr Mpango also urged the institutions to develop innovative means of reaching out to the youth to enable them to access loans, which will improve their lives and national economy as a whole.
The VP made the call in Mwanza yesterday during the official launch of the 2nd National Financial Sector Services Week being held at Rock City Mall in the lakeside city.
Dr Mpango pointed out that the average of...
To read the full article or to get the complete feed from this publication, please Contact Us