Ecobank; a leading Pan-African bank in creating solutions to SMEs
Eco bank is a Pan-African commercial bank dedicated to creating more solutions to the challenges facing the business community. Among other challenges, a capital tops the list others are failure to have an effective and sustainable business, lacking guarantors during acquiring or applying for new tenders or employment etc. Having got to the bottom of all plights that confront most SMEs, the bank innovated solution oriented products and provides services that respond to the relevant challenge.
1 hour ago Small and Medium Enterprises (SMEs) are integral part of increasing employment, income and speeding up the growth of villages and towns. The sector also contributes much to the growth of Gross Domestic Product (GDP).In Tanzania and beyond, SMEs can simply flourish by having all enabling environments such as startup capital, technology, management and infrastructure.
With that significant contribution of SMEs to the economy, the sector is not spared over challenges that have triggered the majority of businessmen to underachieve their goals.
Eco bank has come as a savior to help most SMEs to achieve their ambitions during these times of embarking on the journey of transforming the country into a middle income economy.
The Head of Small and Medium Enterprises Unit, Juma Hamisi shares a lot about Eco bank and its sole contribution to the SMEs.
How does Eco bank engage in the transformation of mil-lions of lives?
Eco bank is a Pan-African commercial bank dedicated to creating more solutions to the challenges facing the business community. Among other challenges, a capital tops the list – others are failure to have an effective and sustainable business, lacking guarantors during acquiring or applying for new tenders or employment etc. Having got to the bottom of all plights that confront most SMEs, the bank innovated solution oriented products and provides services that respond to the relevant challenge.
How is dealing with SMEs coming along?
“We have discovered that the majority of SMEs are unstructured. There comes a time when a certain enterprise asks the bank for a loan of Sh500 million worth project. However, as an experienced banker, you can foresee the reality on the ground and advise the customer to go for a Sh200 million loan.
Again, there is an underlying gap in the trade flow from producer, distributor, transporter, retailer and the final consumer. A producer owns a factory in Mtwara and probably […]
