CRDB Bank has plans to start offering loans directly to Savings and Credit Cooperative (SACCOS) in the country in order to increase the supply of financial services to the majority of Tanzanians. The Bank's Managing Director, Dr Charles Kimei , made the revelation in Dar es Salaam over the weekend during an event aimed at celebrating the bank's 2013 achievements. "Our aim is to reach the majority of Tanzanians including the low and middle income people," he said, adding that the plan will enable the bank acquire large investments. According to Dr Kimei, the plan that will kick off soon will go in line with the increase of other products offered by the bank to the majority of people in rural areas. "We (CRDB) will make sure the plan (SACCOS loans) goes in line with offering various services to the majority of Tanzanians especially in rural areas in order to increase the bank's social responsibility and rural banking market," he said. Other plans of the bank, according to Dr Charles , include the launching of new branches in every region of the country. Mr Kimei said that the bank currently has over 104 branches and agencies including 13 mobile branches countrywide with over 530 ATMs. "Apart from that, the bank has launched the Fahari Huduma Agencies Services that serves the majority of Tanzanians especially those without access to urban banking services," he said. Commenting on the celebrations, Dr Kimei said the event aimed at bringing together the bank's big customers and shareholders to share experiences, achievements and challenges towards economic development. "The objective of the function is to chat with them (Big customers and shareholders) on various issues and the way forward for the better future of our bank's development and the nation at large," he said. On other hand, economists highly commended the achievements, calling upon other banks and financial institutions to extend their services to rural areas in order to reach the majority of people especially farmers. "If other banks could do what the CRDB is doing now, the majority of Tanzanians could be reached by financial services especially farmers," said Mr Ado Maimu, the Managing Director of Ando Roofing Products and one of the bank's big customer.
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