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Zanzibar Launches Digital Loan System to Streamline Access & Improve Repayment for Special Groups

Zanzibar Launches Digital Loan System to Streamline Access & Improve Repayment for Special Groups

Sputnik Africa

Zanzibar Launches Digital Loan System to Streamline Access & Improve Repayment for Special GroupsDeveloped by the Zanzibar Economic Empowerment Agency... 05.04.2025, Sputnik Africa

2025-04-05T17:02+0200

2025-04-05T17:02+0200

2025-04-05T18:52+0200

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Zanzibar Launches Digital Loan System to Streamline Access & Improve Repayment for Special GroupsDeveloped by the Zanzibar Economic Empowerment Agency (ZEEA) and launching April 15, the system replaces the traditional applications with a fast, transparent, and secure platform for loan disbursement.According to Minister of State in the President’s Office for Labor, Economy, and Investment, Shariff Ali Shariff, the system's key features include:🟠 Instant feedback on applications🟠 Secure digital repayments via Tanzania Commercial Bank (TCB)🟠 Real-time tracking for applicants🟠 No in-person visits are requiredThe minister noted that this initiative is a major step towards easy financial access.Subscribe to @sputnik_africa Sputnik Africa | X

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