Kudos to TCB for women entrepreneurs new facility

That is roughly how Dodoma regional commissioner Anthony Mtaka described the situation when commending the bank for the initiative at an inaugural TCB Women Business Forum this midweek.

The facility stands to help more women put to work their ideas or products, which would make a difference in the market as women are keenly adaptive and will bend accordingly when faced with impediments rather than wish to cut corners.

The RC was convinced that the facility was top-notch creativity for women’s financial liberty, helping them in devising ways to make their businesses a force to be reckoned with.

Kit is widely believed that the novel TCB project takes up aspirations expressed by President Samia Suluhu Hassan to accord women an opportunity to play their due role in managing the economy.

The initiative is a middle-level facility adding to many small openings such as in small savings groups that women use to raise some capital.

Banks and other financial institutions have a major part to play in shaping the women’s empowerment and entrepreneurship agenda, which the TCB Business Forum for Women prizes.

TCB chief executive Sabasaba Moshingi said the bank is obliged to drive the empowerment agenda following its recent acquisition of Tanzania Women’s Bank.

This provides the institution not with a new zeal to an existing vocation, even with a change of institutional set-up, for which the CEO was all praises as to how the government moved to merge TWB, Twiga Bancorp and TIB Corporate Bank with operations of the Tanzania Postal Bank.

That creates a vastly different entity, boosting the fortunes of TCB in the market and enhancing services to the economy.

While there are intense issues as to the growth of the local market and purchasing power, more deposits and investments are drifting into the banking and credit sector.

Many commercial units of merit have affinities with similar products in outside countries that can introduce the styles or manner of those products and proceed to make local procurement, on condition of checking the quality and specifications of the products needed.

In that sense, the TCB initiative is a clear empowerment strategy and a wide range of banking solutions and also an undertaking se to strengthen the supply mechanism in the changing market where a more sensitive consumer base seeks quality and specificity.

Meanwhile, making credit access easier means that a whole range of products will be served, including upper market needs and goods demanded by the less privileged.

Too often analysts see the strata and class differences, but there are also types of goods and patterns of consumption to be taken care of. TCB and the forum it has designed evidently merit both applause and support.