DAR ES SALAAM, June 14 -- TANZANIANS, the time has come to seize the golden opportunity to transform our economy through responsible borrowing. Taking a loan does not mean belittling someone, but boost businesses, create jobs and build a prosperous nation.

But remember again: honesty and prompt repayment are the secret ingredients. Borrow with integrity and pay back swiftly, so your neighbour can also benefit. Every repayment fuel growth and think of it as passing a baton in a relay, not dropping it and causing a fall.

Here, financial institutions, especially our banks, play a vital role in this journey. It is high time they lower interest rates, because if borrowing costs remain sky-high, definitely we are leaving a great percentage of...