NATIONAL BANK OF COMMERCE LIMITED (NBC) – ZANZIBAR - Tanzania
- Tanzania
- Resources
- Access to Finance
- Access to Capital
- Access to Capital
Access to Capital
In Tanzania, the proportion of women with access to financial services is low compared to that of men due to several social-economical factors.This, in spite of the big role women entrepreneurs contribute to the national economy.
Some statistics
- 51.2% of women access formal financial services compared to 63% of men
- 17.1% of women hold accounts in financial institutions against 21.1% of men
- 27% of adult women own Mobile Phones as opposed to 38% of men
- 44% of the women use Mobile Money against 54% of men .
What can help to narrow the gap ?
- Ever growing Digital Financial Services; and the
- Development of Women Specific Financial Products and Services.
Vision Fund Micro Finance Bank Tanzania
Tanzania Agricultural Development Bank (TADB)
SME Impact Fund
Tanzania Postal Bank (Tpb)
Cooperatives Rural and Development Bank (CRDB)
NATIONAL BANK OF COMMERCE LIMITED (NBC) – ZANZIBAR
| ACCESS TO CAPITAL
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| TITLE | NATOINAL BANK OF COMMERCE LIMITED (NBC) – ZANZIBAR
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| SUMMARY | NBC is the only international bank with a presence all over the country. With 51 branches and over 230 ATMs, NBC delivers a unique collection and banking capability to its customers. |
| CONTENT |
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| ABOUT CRDB BANK
| National Bank of Commerce (NBC) is the oldest serving Bank in Tanzania with over five decades of experience. Established in 1967 when Tanzania Government nationalized all financial institutions, including banks, the bank offers a range of retail, business, corporate and investment banking, wealth management products and services. In 2000, South Africa financial services group ABSA Group Limited acquired a majority stake in NBC. The Government of Tanzania retained a 30% shareholding and International Finance Corporation (IFC), a member of the World Bank Group, took up to 15% shareholding in the bank. The new entity became known as NBC Limited. NBC is the only international bank with a presence all over the country. With 51 branches and over 230 ATMs, NBC delivers a unique collection and banking capability to its customers. |
| FINANCIAL PRODUCTS |
NBC Cash cover facility gives customer an access to a short-term loan of up to 90% of the amount deposited in a customer account.
Loan features
For more information https://www.nbc.co.tz/en/personal/borrow/loan/nbc-cash-cover-facility/ |
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| 2. NBC Group LoanNBC provides Group loan which will be covered by insurance against the risk of death, permanent disability and/r retrenchment.
Features
For more info |
| Contact Details | NBC Limited |
50MAWSP origin
The African Development Bank partners with EAC, COMESA & ECOWAS Regional economic blocks to implement the 50 Million African Women Speak Networking Platform Project.The platform is intended to empower millions of women in Africa to start, grow, and scale up businesses by providing a one-stop shop for their specific information needs. Click on the image for more information