HESLB joins forces with key institutions to secure loan recovery via data-sharing

HESLB executive director Bill Kiwia (left) and Creditinfo chief executive Edwin Urasa display cooperation documents in Dar es Salaam yesterday. PHOTO | MICHAEL MATEMANGA
 

By  Jacob Mosenda

Senior Journalist with The Citizen

Mwananchi Communications Limitted

What you need to know:

  • This move comes at a crucial time, as the board has disbursed an incredible Sh7.2 trillion in loans to over 754,000 Tanzanians since its establishment in 2004. Of this amount, Sh2.1 trillion has matured, yet only Sh1.5 trillion—about 71 percent—has been recovered.

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