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Inclusive Banking: Equity Bank (T) Debuts Women’s Specialized Window

Women's Tabloid News Desk
Women's Tabloid News Desk

Equity Bank (T) Ltd, the largest bank in Tanzania, has opened a special window tasked with extending financial services for women called ‘Mwanamke Plus’. This is a notable initiative to transform lives socially and economically.

To be able to access quality banking services including loans, insurance services, and financial education, one must open an account in the bank through the ‘Mwanamke Plus’ special window.

Equity Bank Tanzania invites all women in Tanzania to discover the empowering opportunities provided by Mwanawake Plus. Opening an account requires no specific minimum deposit, ensuring accessibility for women at every financial phase.

Mwanawake Plus offers an array of tailored financial services to support women’s personal and entrepreneurial ventures. From flexible loan options for business investments to comprehensive insurance solutions guarding against unforeseen circumstances, Mwanawake Plus covers diverse needs.

Moreover, the program prioritizes financial literacy, offering workshops and online resources to empower women with essential money management skills. Beyond banking, Mwanawake Plus provides additional benefits:

  • Business development support: Guidance and resources to foster women entrepreneurs’ growth.
  • Investment opportunities: Tailored investment options to build wealth for the future.
  • Mentorship and networking: Connections with successful female entrepreneurs for valuable guidance and inspiration.
  • Mobile banking convenience: Manage your Mwanawake Plus account effortlessly with Equity Bank’s mobile banking app.

This initiative will also serve as a platform for public health education, focusing on non-communicable diseases (NCDs) in collaboration with various health sector stakeholders. These diseases, such as diabetes, hypertension, and cancer, contribute to nearly 74 percent of deaths. The goal is to reduce fatalities from these controllable ailments through widespread health awareness and education.

Equity Bank has initiated a partnership with the Tanzania NCDs Alliance (TANCDA) to provide health education to customers, employees, and the community at large to change risky lifestyles or consumption behavior. Equity Bank is targeting to ensure that through Mwanamke Plus, all women manage to acquire financial literacy and enable them to grow their capital through different banking services opportunities we are offering including loans,” it specified, affirming that through the newly launched product, customers will also be empowered on how to mitigate or protect against risks through public education conducted by insurance experts, said in the bank’s official statement.

Equity Bank (T) has 16 branches and more than 3,000 agents across the country, with 400 employees being part of successful investment originating from Kenya and spreading to other East African Community (EAC) partner states, it added.

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