MOROGORO, Oct. 6 -- TANZANIA Electric Supply Company (TANESCO) Savings and Credit Cooperative Society (SACCOS) has disbursed loans worth 27.2bn/- in the eight months of this year.

TANESCO SACCOS Chairman Omari Shaaban told members during the 57th annual general meeting held over the weekend in Morogoro that the loans were provided to 4,031 members as part of the cooperatives mission to support members economic well-being.

“These loans were provided following the procedures and criteria set by the cooperative through its loan policy,” Mr Shaaban said adding that the society capital has increased by 75 per cent from 4.9bn/- in 2023 to 7.1bn/- last year.

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