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Government launches training and oversight to boost loan repayment among women and youth
Photo: Tanzania Insight
2026-05-31 02:37   Economy   10

Government launches training and oversight to boost loan repayment among women and youth

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Tanzania government don identify say one big problem affecting loan repayment among women and youth be poor financial literacy.To tackle this, dem roll out new programs wey go give beneficiaries proper training before dem collect loans and dem put strict monitoring for how loans dey managed.

Minister of State for Youth Development, Joel Nanauka, tell National Assembly say government don design fresh guidelines wey dey ensure loans dey properly coordinated and tracked at local level.All people wey wan get loan must first go through entrepreneurship and financial management training.Government also work together with banks and NGOs to make sure say this training dey delivered well.This approach dey part of bigger economic empowerment programs, especially the 200 billion Tanzanian shilling fund for women and youth.Community development officers and youth officers dey help with timely guidance and support to entrepreneurs.Arusha women wey dey eligible go start collecting their loans from June 2026, after completing training.Government hope say with this approach, more women and youth go fit participate in productive business activities wey go boost national growth.

The strategy show say just giving money no dey enough; people need skills and support to make sure the loans dey repaid and businesses dey sustainable.

Full reading at Tanzania Insight

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