National Microfinance Bank Partners with Women’s World Banking to Help Youth and Parents Save Together for a Bright Future

Date: 
05 Aug 2016

National Microfinance Bank Plc (NMB) in collaboration with global nonprofit Women’s World Banking is launching WAJIBU, a family of youth savings accounts paired with a financial capability program designed to help youth and parents in schools across Tanzania save and manage money together for a bright future.

WAJIBU, meaning responsibility, includes a suite of three savings accounts: NMB Mtoto Akaunti, NMB Chipukizi Akaunti and NMB Mwanachuo Akaunti, designed to serve youth at every stage of their lives and to help parents and youth conveniently save and manage money, independently or together, toward their goals. NMB Chipukizi Akaunti is particularly unique as it is the first account of its kind to be introduced in Tanzania, allowing teens ages 13-17 to manage their own accounts in their own names.

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Country: 
Tanzania