Tanzania: Ucbl and Tawla provide knowledge on financial services and gender


UCHUMI Commercial Bank Limited (UCBL), in cooperation with the Tanzania Women Lawyers Association (TAWLA), organized a one-day seminar for managers of cooperative savings and credit societies (SACCOS), cooperative societies Agriculture and Marketing (AMCOS) and women’s and youth groups from various districts of the Kilimanjaro region.

The seminar was attended by the leaders of the SACCOS, AMCOS, Women and Youth groups.

Funded by a Swedish-based non-governmental organization known as We-Effect, this seminar provided participants with an exposure to how to tackle the challenges of starting and running financial services that build the economy. (at the local level) and the challenges of addressing gender inequalities in leadership, decision-making and women’s empowerment in SACCOS, AMCOS, Women and Youth groups.

UCBL’s microfinance manager, Mr. Elihuruma Nkini and Ms. Happiness Mfinanga, lawyer from TAWLA’s offices in Arusha, facilitated this seminar.

Mr. Nkini explained to the participants the need and how to keep records and credits for individual members of SACCOS, AMCOS, women and youth groups.

Others are accounting, simple financial statements like balance sheets, company directors, preparing business plans all aimed at improving family economies.

“The UCBL understands very well that taking care of an individual to give him access to financial services at a minimum interest, is to take care of the family economy whose multiplier effect is to take care of of the national economy.

If these people acquire loans to start farming, poultry or small business projects with minimum interest, it means that they can improve their well-being economically, ”he said.

For her part, while moderating this seminar, Ms. Mfinanga enlightened the participants on how to prepare the constitutions of the respective companies or cooperative groups that address the issues of gender inequalities where women are not well represented in the community. decision making in their companies or groups.

One of the participants, Ms Husna Kingazi from the Carrot Women group, thanked UCBL and TAWLA for organizing the seminar, adding that the materials taught were very important in addressing issues of financial service delivery and gender inequalities. .

“I am now exposed to the challenges facing the provision of financial services and how to overcome them and from now on I can advise other members of the group on how to develop a good gender policy that aims to empower women, ”she said.

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