{"id":12760,"date":"2020-07-28T17:51:09","date_gmt":"2020-07-28T17:51:09","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=12760"},"modified":"2020-07-28T17:51:09","modified_gmt":"2020-07-28T17:51:09","slug":"crdb-slashes-malkia-account-opening-fee-by-90pc","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/crdb-slashes-malkia-account-opening-fee-by-90pc","title":{"rendered":"CRDB SLASHES MALKIA ACCOUNT OPENING FEE BY 90PC"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> CRDB Bank has slashed Malkia (Queen) Account opening fee by 90 per cent, easing and enabling more women to access banking services.<\/p>\n

The largest lender in the land announced the cutting down of the opening fee from 50,000\/- to 5,000\/- at the weekend during a one-day seminar for Ubungo municipal women.<\/p>\n

CRDB Eastern Zone Manager Badru Idd said before 150 participants that the bank so far had provided loans to 25,000 women countrywide under the Malkia Account.<\/p>\n

\u201cWe have reduced the fee because we want more women entrepreneurs to open and access credit,\u201d Mr Idd said.<\/p>\n

Through Malkia Account, the bank has already issued over 500bn\/- and doors for borrowing are still open to utilise the service.<\/p>\n

Opening the seminar on behalf of Ubungo Municipal Director, Municipal Legal Officer Kissa Mbila commended the bank for its bold move to cut the interest rate for Malkia Account to 14 per cent from 24 per cent.<\/p>\n

\u201cThe bank\u2019s move to lower interest rates reduces the burden of repayment on women and makes them invest more in their businesses and benefit more,\u201d Ms Mbila said.<\/p>\n

A loan is easily accessed through group lending. The group acts as a loan security, thus reducing default risks.<\/p>\n

\u201cThrough the group it is easy for a woman to get a loan to start a business and when she does well it enables her to get a personal loan to further her business,\u201d said Ms Mbila.<\/p>\n

The municipal legal officer wooed women to utilise the opportunity since not all banks in the country were offering as low as 14 per cent interest for women.<\/p>\n

She said if a woman was economically empowered the entire society was in good economic condition.<\/p>\n

CRDB Mbezi Louis Branch Manager Agnes Kisinini said Malkia Account enabled a woman to achieve her ambition by making savings slowly depending on her incomes.<\/p>\n

Malkia Account centred on recognising and enabling a woman to achieve their goals through business and entrepreneurial loans while making savings.<\/p>\n

To further enable women entrepreneurs in realising their goals, the bank also has embarked on an education programme by introducing \u2018Malkia Rafiki\u2019 (Queen Friend) experts at every branch countrywide.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: CRDB Bank has slashed Malkia (Queen) Account opening fee by 90 per cent, easing and enabling more women to access banking services. The largest lender in the land announced the cutting down of the opening fee from 50,000\/- to 5,000\/- at the weekend during a one-day seminar for Ubungo municipal women. CRDB Eastern Zone […]<\/p>\n","protected":false},"author":84,"featured_media":12734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[5052,272,5053],"class_list":["post-12760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-badru-idd","tag-crdb-bank","tag-kissa-mbila"],"yoast_head":"\nCRDB SLASHES MALKIA ACCOUNT OPENING FEE BY 90PC - Tanzania<\/title>\n<meta name=\"description\" content=\"CRDB Bank has slashed Malkia (Queen) Account opening fee by 90 per cent, easing and enabling more women to access banking services.The largest lender in the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/crdb-slashes-malkia-account-opening-fee-by-90pc\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CRDB SLASHES MALKIA ACCOUNT OPENING FEE BY 90PC\" \/>\n<meta property=\"og:description\" content=\"CRDB Bank has slashed Malkia (Queen) Account opening fee by 90 per cent, easing and enabling more women to access banking services.The largest lender in the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/crdb-slashes-malkia-account-opening-fee-by-90pc\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-28T17:51:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/d7b123bedf573512ec9f014deddba258.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/crdb-slashes-malkia-account-opening-fee-by-90pc#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/crdb-slashes-malkia-account-opening-fee-by-90pc\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CRDB SLASHES MALKIA ACCOUNT OPENING FEE BY 90PC\",\"datePublished\":\"2020-07-28T17:51:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/crdb-slashes-malkia-account-opening-fee-by-90pc\"},\"wordCount\":362,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/crdb-slashes-malkia-account-opening-fee-by-90pc#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/d7b123bedf573512ec9f014deddba258.jpg\",\"keywords\":[\"Badru Idd\",\"CRDB Bank\",\"Kissa Mbila\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/crdb-slashes-malkia-account-opening-fee-by-90pc#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/crdb-slashes-malkia-account-opening-fee-by-90pc\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/crdb-slashes-malkia-account-opening-fee-by-90pc\",\"name\":\"CRDB SLASHES MALKIA ACCOUNT OPENING FEE BY 90PC - 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