NBC supports Albino Enterprises in Dar es Salaam

8 November 2005

The National Bank of Commerce (NBC) Ltd has donated four sewing machines valued at Tsh 356,000 to the support group Albino Enterprises in Dar es Salaam, as part of their Corporate Social Initiative area of job creation. The donation was part of a concerted effort on the part of NBC to try and help the most sidelined in society make a living, and the sewing machines in particular offer members of the Albino Enterprises the means to start their own business.

Albino Enterprises is a non-governmental organization that supports people affected with employment opportunities and advice on related business and medical issues.

“It is especially of interest to us as a bank to make sure that no one ends up dependent on handouts and misses out on their right to participate in the economy,” said NBC Marketing Manager William Kallaghe. “It is our duty as one of Tanzania’s leading banks to make sure we give people the initial help them on their way to financial independence,” he explained.

“There is no better way to demonstrate a company's corporate citizenship and commitment to the development of any community than to get involved in its daily existence. That includes health and education matters and in this case, job creation. It is our duty to set a good example to other corporations and not forget those members of our community who might usually be overlooked find it harder to establish their own financial independence. It is especially of interest to us as a bank to make sure that no one ends up dependent on handouts and misses out on their right to participate in the economy”, said Kallaghe.

NBC Ltd, is one of the largest and most represented commercial banks in Tanzania, with 33 branches and 45 ATMs across the country, from where, in addition to the specialized and growing number of SME products and services on offer, the bank also offers expertise in all areas of business and personal financial solutions including traditional current and saving accounts, term loans, personal loans, overdrafts, letter of credits, and guarantees as well as a broad range of international services.