How Tanzanians spend personal loans

Cars pic

Cars await clearance at Dar es Salaam Port.  Car purchases are a top priority among recipients of personal loans in Tanzania, according to a new Bank of Tanzania report. PHOTO | FILE

By Gadiosa Lamtey and Aaron Keasi

Dar es Salaam. Tanzanian households spent 67.7 percent of personal loans they took last year on non-income-generating activities such as construction, education, medical expenses and car purchases, according to the Bank of Tanzania (BoT).