DAR ES SALAAM, Nov. 10 -- THE Tanzania Standards Bureau (TBS) Viwango SACCOS has recorded an 11bn/- loan portfolio, highlighting the growing role of workplace savings and credit cooperatives in mobilising savings and providing financing to members.

The societys financial growth comes amid efforts to expand its membership, improve loan administration and strengthen its capacity to meet members financing needs.

Speaking during its 40th Annual General Meeting, Board Chairman, Innocent Johnbosco said audited accounts showed a loan portfolio of 9bn/-, while unaudited financial statements indicated 11bn/-.

Members savings had also reached 8bn/-, with loans worth 8bn/- disbursed during the current year. He said the figures reflected progress ...