Tanga SMEs to benefit from Mixx initiative
TANGA: SMALL and medium enterprises (SMEs) in Tanga Region are set to benefit from expanded access to digital financial services from Mixx campaign, a move expected to enhance financial inclusion, improve business efficiency and support the region’s economic growth.
By targeting one of the region’s most dynamic economic segments, the initiative is expected to enhance financial inclusion, streamline business operations and strengthen the role of SMEs in driving local economic development.
The Acting Director of Yas, North Coast Zone, Mr Amani Sailoja, said the ‘Every Step Mixx’ campaign supports the region’s agriculture and entrepreneurial sectors by promoting fast, secure and inclusive financial solutions that boost participation in the formal economy.
“Expanding access to digital financial services will empower SMEs in Tanga to grow their businesses, improve efficiency and strengthen their role in the regional economy,” he said.
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By enhancing digital financial inclusion, SMEs in Tanga are expected to overcome traditional barriers such as limited access to credit and cumbersome transaction processes.
This shift not only streamlines business operations but also opens new opportunities for innovation and market expansion, positioning the region’s entrepreneurs for sustainable economic growth.
Since its inception in 2010, Mixx has disbursed loans totalling over 1tri/- to over six million customers, significantly boosting financial access.
This extensive lending capacity has enabled countless individuals and small businesses to access much-needed capital, fuelling entrepreneurship and economic activity across various sectors.
By bridging the financing gap, Mixx has helped reduce reliance on informal credit sources, thereby promoting more sustainable and formalised business growth.
In addition to credit provision, the initiative has fostered a strong savings culture, with total deposits surpassing 600bn/-, underscoring its role in promoting financial inclusion and economic empowerment.
