Sunday 16 June 2013

Saccos receive Sh49bn loan, 90,000 members to benefit

From The Citizen Daily, Dar es Salaam
By Frederick Katulanda

Mwanza. A total of 390 savings and credit cooperative societies (Saccos) have received a loan of Sh49 billion from Self Project, a private firm based in the city.

The money is expected to trickle down to the grassroots and benefit 90,000 registered members of the entreprenuers’ groups.

Speaking during the signing of a Sh90-million loan for AIC Nyasho Saccos group of Musoma and Tugeme Saccos of Magu, the acting Self Project coordinator, Mr Harold Materu, said that it has issued a total of Sh49 billion to various entrepreneurs and civic organisations from 2002 to January 2013.

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