Tanzania: Banks Urged to Simplify Loan Procedures for MSMEs

THE government has called upon banks and other financial institutions in Tanzania to soften procedures of getting loans to facilitate the growth of Micro, Small and Medium Enterprises (MSMEs) in the country.

The Minister of State, Prime Minister's Office, Investment and Empowerment, Dr Mary Nagu said in Dar es Salaam on Tuesday that access to loans was a key hurdle to the growth of MSMEs in the country and that it was high time this was addressed.

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