CRDB Bank and Vodacom Introduce Smartphone Loans to Boost Digital Inclusion in Tanzania

In a collaborative effort to boost the digital economy, CRDB Bank and Vodacom have introduced special smartphone loans aimed at making quality phones more accessible to Tanzanians.

At the launch event held at a Vodacom store in Mlimani City, CRDB Bank CEO Abdulmajid Nsekela emphasized the significance of the smartphone loan in providing affordable financial and communication services, thus fostering the growth of the digital economy.

Philip Besiimire, CEO of Vodacom Tanzania, highlighted the initiative as part of the company’s strategy to lower communication costs and expand access to modern 4G technology, ultimately driving digital inclusion across the nation.

To access the smartphone loan, customers can dial 15000*44# and follow simple instructions to complete the application process. With an initial fee of only Sh. 20,000 and a daily payment of Sh. 850, borrowers will receive internet packages, SMS, and airtime with each payment, facilitating greater connectivity and access to digital services.