Dar es Salaam, June 26th, 2018 – Tanzania’s fastest-growing Bank, FINCA Microfinance Bank has today announced the launch of a three-month program and competition which seeks to empower micro-entrepreneurs by providing business skills, knowledge and later pump over TZS 10 Million to the best business idea presented.
The competition, dubbed, ‘Kuza Ofisi na FINCA’, will initially be implemented in four of Dar es Salaam’s districts that include, Kinondoni, Ilala, Temeke and Ubungo. These districts will be attached to the bank’s branches that are strategically located in Tegeta, Ilala, Victoria and along Pugu Road towards the Airport.
Speaking during the launch in Dar es Salaam, FINCA Microfinance Bank Tanzania’s Head of Marketing and Communications, Nicholous John said that the main aim is to give business and financial education to micro-business owners which will later be translated to the growth of their business. The winner out of the program and competition will be financially empowered to jumpstart their already existing micro-businesses.
“The competitions is for both FINCA clients will accounts and those who wish to participate will be required to open a FINCA Account, one will also have to deposit TZS 20,000 shillings (new money to their accounts). They will be required to fill a form in the branches where they will highlight in the form on what they are going to do with the Grand Prize for their business if one emerges as a winner. The form will then be submitted to our Branch officers and that will automatically make them eligible for the first phase of the competition.”
“In the second phase, 8 contestants will be handpicked by a panel of judges to participate in a reality TV show dubbed, ‘Kuza Ofisi na FINCA’ to be aired on TVE. At the end of the competition, one lucky winner will go home with a grand prize of more than 10 million shillings”, said Nicholous, adding that other qualified participants will also stand a chance of accessing loans from the bank’s offerings.
On his part, FINCA Microfinance Bank’s Chief Commercial Officer, Emmanuel Zambi said: “The KUZA Ofisi na FINCA Campaign, is part of FINCA’s way to celebrate 20 Years of operations in Tanzania where the Bank have been best known to offer tailor made solutions with varieties of Accounts, Credit offerings and other service which cuts across from individual to institutional needs”
Zambi also added that “Financial Inclusion and Digital Innovations is at the core of our business, the competition is another pledge FINCA Microfinance Bank is instilling to Tanzanians that it is there to support them in financial assistance through education and empowering our clients so as to secure sustainable business development”
“We therefore, invite all micro-business owners in Dar es Salaam to register and participate in the competition as this is this is for them. All FINCA Microfinance Bank clients and non-clients should visit our Dar Branches for more information where they will also be assisted with all requirements during filling the forms.
John also finalized that “This is a chance for Dar based micro-business owners to seize this rare opportunity and come and open bank accounts and participate in the challenge so as to be the lucky winners of the coveted prizes that will boost their businesses”