Bank gives Sh25 billion mortgage loans in TZ

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Farming stakeholders have reservations about the government plans to instruct the Tanzania Agricultural Development Bank (TADB) to channel loans to savings and credit cooperative societies (Saccos).

>The Commercial Bank of Africa (CBA) will lend Sh150 billion more to its customers next year as the financial entity wants to meet the growing demand for loans across a spectrum of clients.

East African Cooperation minister Harrison Mwakyembe has advised local authorities to formulate strong feasible proposals that will easily win the hearts of commercial banks in the endeavour to hasten the speed of the development in their areas.

>CRDB Bank plans to start offering loans to Savings and Credit Cooperatives (Saccos) in the country in a bid to increase financial inclusion by reaching more people in the country.

The Tanzania Agriculture Development Bank (TADB) will start issuing loans next week with Iringa-based small scale farmers being the first beneficiaries.

>Tanzania Investment Bank (TIB) is now eying entrepreneurs who are establishing industries for processing agricultural products, The Citizen has learnt.

>Akiba Commercial Bank (ACB) has said its home loans are designed to enable borrowers to realise their dreams of owning decent houses and that the service is here to stay.