Wednesday, March 23, 2016

Women bank, NSSF conduct training to women entrepreneurs

DAILY NEWS Reporter
THE National Social Security Fund (NSSF) jointly with with the Tanzania Women Bank (TWB) are conducting training for women entrepreneurs at Pugu Station in Dar es Salaam to enable them improve their businesses.

It is expected that at the end of the training, the women entrepreneurs will be able to boost their abilities to access markets for their products and loans from financial institutions.
Through the initiative, the social security scheme is as well using the opportunity to educate the entrepreneurs on joining the fund through voluntary contribution arrangement.
According to Managing Director of TWB, Ms Margaret Chacha, such training will empower Small and Medium Enterprises (SMEs) to produce quality products for the market. “Accessing markets and credit facilities are among challenges which have held back entrepreneurs, particularly women, to expand their operations,” Ms Chacha said on the sidelines of the exercise.
She added; “TWB has been providing loans to entrepreneurs to acquire surveyed plots, motor vehicles and motorcycles, among others.” With the surveyed plots, entrepreneurs will be able to acquire title deeds to be used as collateral when seeking loans from financial institutions.
On the other hand, through the voluntary contribution to NSSF members can contribute a minimum of 20,000/- per month of which will enable them to access treatment benefit with four dependants.
At the same occasion, an official from the Ministry of Energy and Minerals, Ms Catherine Lyombe, urged the entrepreneurs to put more weight on products to be supplied to investors in the mining as well as oil and natural gas industry.
She noted that as part of local content in the extractive industry, Tanzanians are encouraged to produce materials to be supplied to the booming industry

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