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9.3.4 Commercial banks: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005

9.3.4 Commercial banks: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005

With respect to commercial bank financing, key informants indicated that banks
lack experience in dealing with the SME sector. Traditionally, Tanzania’s banks have
focused on deposits and low risk investments, such as Treasury Bills (T-bills). Of late,
due to lower deposits and declining rates on T-bills, banks are becoming more open to
looking at opportunities in the SME market, but a mechanism is needed to accelerate
their learning in assessing SME risk. Furthermore, banks have very little experience in
lending to women and need awareness and sensitivity training to overcome the
perceptual bias that “all women have informal sector enterprises with no growth
potential”.





934 Commercial banks Support for Growthoriented Women Entrepreneurs in Tanzania 2005 - To learn more about this author, visit International Labour Organization's Website.

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International Labour Organization
(Visit International's Website) As the world's only tripartite multilateral agency, the ILO is dedicated to bringing decent work and livelihoods, job-related security and better living standards to the people of both poor and rich countries. It helps to attain those goals by promoting rights at work, encouraging opportunities for decent employment, enhancing social protection and strengthening dialogue on work-related issues. The ILO is the international meeting place for the world of work. We are the experts on work and employment and particularly on the critical role that these issues play in bringing about economic development and progress. At the heart of our mission is helping countries build the institutions that are the bulwarks of democracy and to help them become accountable to the people. The ILO formulates international labour standards in the form of Conventions and Recommendations setting minimum standards of basic labour rights: freedom of association, the right to organize, collective bargaining, abolition of forced labour, equality of opportunity and treatment and other standards addressing conditions across the entire spectrum of work-related issues.

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