The KCBL General Manager, Ms Elizabeth
Makwabe, said the main motive was to reach the summit and tell world
about the achievements of the country’s first co-operative bank realised
in the last 20 years.
“Despite a few challenges which are
inevitable in the business world, the bank has had many and great
achievements to be proud of which the world should know,” she said
during the launching which was held at the Marangu gate of the
Kilimanjaro National Park, (KINAPA) over the weekend.
“We will put a KCBL banner at the peak
of the Africa’s highest mountain, as a way of celebrating the bank’s 20
years and its achievements”.
“Apart from accessing services in more
than 200 ATM machines in the country, our clients can now receive ATM
services in all the East African countries except Burundi,” she noted
when listing some of the bank’s achievements.
She said also clients could now be able
to access bank services while in China, after introducing a new product
known as China Union Pay. “Through this new service Tanzanian
businesspeople and those from China, will be able to do their
transactions without the risk of carrying hard cash,” she said.
The bank customers increased from less
than 1,000 in 1996, when KCBL was established, to over 500,000 of
yesterday. One of the bank shareholders, Prof Suleiman Chambo, said KCBL
was a key institution in promoting and strengthening the cooperative
movement in the country.
“The cooperative sector has two major
pillars, the first is the agricultural activities and the other is to do
with the co-operative financial related services, so KCBL is very
important in development,” he said.
The KCBL Board Chairman, Mr Reginald
Hoseah said during the anniversary celebration week, the bank will also
carry out cleanliness in Moshi town on Saturday and conduct a Charity
Walk Sunday that starts at Uhuru Park grounds and end at Moshi
Cooperative University (MoCU).
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