Tanzania Postal Bank (TPB) and Multichoice on November 22, 2017 signed a Memorandum of Understanding (MoU) to enable its customers to access a loan of Sh99,600 for purchasing a decoder.
TPB chief executive officer Sabasaba Moshingi said the loan would be repaid in a year and customers would be required to pay at least Sh8,300 each month.
Under the MoU, according to Mr Moshingi, customers will have a chance to have a DSTV decoder, dish and free connection.
He also said under the agreement, customers would be in a position to have a one-month free package.
“With effect from November 22, 2017, workers, customers and non-customers can visit any of our branches for a soft loan that will enable them to buy DST decoders,” noted Mr Moshingi.
The bank, according to him, has always been innovative in offering better and affordable services for the betterment of Tanzanians.
“We have joined our hands following our commonness with Multichoice because both of us touch the lives of people from all walks of life,” he said.
Speaking during signing of the MoU, Multichoice managing director Maharage Chande commended the new partnership, saying his company would widen the scope of its customers.
“We are optimistic that under the MoU with TPB Bank, which is already strong in the market, we will stand a chance to grab more customers from our competitors,” said Mr Chande.