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NMB Grants TZS. 500 Million to Mwananchi Saccos
Published: 6. August 2008, Dar es Salaam
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NMB extended to Mwananchi Communications Saccos a loan amounting to TZS 500 Million. Officiating the handing over event, NMB Chief Commercial Officer Bas Nierop said SACCOS have become common in recent years in Tanzania; they have assisted in uplifting the lives of their members through credit and deposit systems. Mr Nierop underlined the importance of SACCOS in social and economic development and welcomed Saccos all over Tanzania to come to NMB: “NMB is there for all Tanzanians and assisting groups of people in their associations like SACCOS is high on NMB’s agenda’’. NMB already has several thousand SACCOS as customer and he challenged even more SACCOS to follow in the footsteps of Mwananchi SACCOS.
On his part, Mwananchi Communications (MCL) Managing Editor and SACCOS Chairman Theophil Makunga acknowledged NMB commitment in making sure that most people benefit from services provided by the bank, he promised to use the loan they got in line with the interests of MCL Saccos members. ‘’MCL SACCOS will use the loan to further the interests of the members, I advise other media houses to use NMB as the way out of poverty and low standards of living’’.
The colourful event was attended my Mwananchi Communications SACCOS members, NMB Officials and MCL officials.
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