About Akiba commercial bank (tanzania) limited
Akiba Commercial Bank (Tanzania) Limited: Providing Financial Solutions for Tanzanians
Akiba Commercial Bank PLC is a Tanzanian-based financial institution that has been providing banking services to the people of Tanzania since August 1997. The bank was established as an initiative of over 300 Tanzanian entrepreneurs who were inspired to move into micro-finance, by the moral and economical concern for the light of millions of Tanzanians.
The bank's mission is to provide innovative and affordable financial solutions that meet the needs of its customers. It aims to be a leading provider of banking services in Tanzania, with a focus on microfinance, SMEs, and retail banking.
Akiba Commercial Bank (Tanzania) Limited offers a wide range of products and services that cater to the diverse needs of its customers. These include savings accounts, current accounts, fixed deposits, loans (personal loans, business loans), foreign exchange services, mobile banking services (M-Pesa), internet banking facilities and more.
One unique feature about Akiba Commercial Bank is its commitment towards promoting financial inclusion in Tanzania. The bank has been at the forefront in providing access to finance for low-income earners through its microfinance program. This program targets small businesses and individuals who are unable to access credit from traditional banks due to lack of collateral or credit history.
In addition to this program, Akiba Commercial Bank also offers training programs aimed at equipping entrepreneurs with skills necessary for running successful businesses. These programs cover topics such as bookkeeping & accounting practices; marketing strategies; customer service skills; among others.
The bank's commitment towards promoting financial inclusion has not gone unnoticed as it has received several awards over the years including "Best Microfinance Institution" award by Tanzania Association Of Microfinance Institutions (TAMFI).
Akiba Commercial Bank prides itself on having a team of experienced professionals who are dedicated towards delivering quality service to their customers. The bank's staff is well-trained and equipped with the necessary skills to provide financial advice and guidance to customers.
In conclusion, Akiba Commercial Bank (Tanzania) Limited is a reputable financial institution that has been providing banking services to Tanzanians for over two decades. The bank's commitment towards promoting financial inclusion through its microfinance program and training initiatives has made it a preferred choice for many low-income earners in Tanzania. With its wide range of products and services, experienced staff, and innovative solutions, Akiba Commercial Bank is poised to continue being a leading provider of banking services in Tanzania.