Tanzania: 3.1 billion/- Loans for the benefit of entrepreneurship groups in the coastal region
The COAST region has allocated a total of 3.1 billion loans to women, youth and disability groups in the financial year 2021/2022, Regional Commissioner (RC) Aboubakar Kunenge has revealed.
CR recently said in Kibaha town, while speaking to different women’s groups, that from July to December last year, the region released $2.6 billion in loans to 440 groups of entrepreneurs, adding that the amount would increase from year to year.
“Our region intends to bring about an economic revolution by opening up more available opportunities and reaching as many people as possible,” he said.
To meet this vision, the region increases its budget from year to year to ensure that each group of entrepreneurs benefits according to their needs.
According to the RC, the region plans to introduce a more appropriate method of providing loans that will bring more benefits to groups in the region.
He said: “We are planning to start providing a huge sum of money to a small number of groups to enable them to start large projects which will be done in rotation to reach all the groups in our region. This approach will bring results more positive than providing small loans to a large number of groups at once.”
He took time to thank the government led by President Samia Suluhu Hassan for prioritizing special groups in society and creating a friendly environment for them to engage in production.