Financing Instruments and Financing Providers

Business should be at least 12 months

Business license

The business should comply with legal requirements

Tax clearance certificate

The customer should have collateral as fallback position

_{Borrower's ID e.g. NIDA, Business license, Passport, and voter reg. ID}

There should be business sales track records e.g. Bank statements, financial reports, sales books, EFD reports, etc.

Spouse ID for married borrower

Existence of an LPO or contract from the employer of the customer

Evidence of marital status

Application letter and Board resolution for limited company

1. Applicants must meet a minimum age requirement of 18 years
2. The loan is suitable for individuals who own schools that are already in operation, providing support for further development or expansions
3. A positive credit history
4. Applicant must be Tanzanian citizens

1. Proper documentation demonstrating the legitimate operation of the school
2. Proof of school ownership

1. Existing business for over 6 months
2. Tanzanian
3. Flexible collateral (stock, household assets, vehicles, lands, houses, fixed deposit account
4. Having an account with FINCA
5. The company is allowed, but all shareholders should sign as guarantors.

1. Valid ID (i.e. NIDA etc.)
2. Proof of business ownership

1. Existing business for over 6 months.
2. Over 18 years.
3. Tanzanian

1. Valid ID (i.e. NIDA etc.)
2. Proof of business ownership

1. Existing business for over 6 months
2. Business owner or permanent employment
3. Over 18 years of age
4. Tanzanian
5. Flexible collateral (stock, household assets, lands, vehicles, houses, fixed deposit account)
6. Having an account with FINCA

1. Business license if available
2. Introduction of letter from employer for an employed applicant
3. Valid ID (i.e. NIDA etc.)

1. Applicant must be Tanzanian
2. Must be over 18 years

• Individuals should have fixed deposit account

1. Contribution
2. Capacity of repayment

1. Valuation report for the proposed property
2. Existing bank statements
3. Tax clearance certificate
4. Financial statements
5. Brief profile of the business and promoters
6. Business license

The bank will process loan applications from potential customers (applicants/borrowers) with the following characteristics.

• Applicants financing need does not exceed TZS 60million
• Applicant with financing request exceeding TZS 5 million must have at least 2 years' experience in the business.
• Applicant with financing request below TZS 5 million must have a minimum of 1-year experience in the business.
• Applicant must have all the relevant business registration/ legality Documents.
• Applicant must have a permanent and formal business premise.
• Applicant must have operated a bank account for at least 12 months with other banks or NBC, In the absence of a one-year bank statement, a statement from MNOs, EFD, Direct deposit, or Supplier statement can be considered in the assessment.
• Applicant with a clean report from CRDB
• Applicant must be at least 18 years old and not exceeding 70 years.

1. Two Colored Passport size photographs are attached (on the Loan application form and Request Letter)
2. Loan Application form completed fully by the applicant
3. Proof of date of birth, using one of the official IDs (Copy of Passport, National ID, Driver's license, New Voters ID, Zanzibar ID)
4. One year stamped bank statement (or statement sent online verified by sender's email address) or Sales and Purchases receipts, statements from MNOs, EFD, Direct deposits, and Supplier's statement
5. Certified copy of TIN certificate, Business license
6. Colored business and Collateral photos with a clear view
7. Tax clearance Certificate (not required for borrowers requesting loan amount below TZS 5 million)
8. Loan contract/facility letter/offer letter from other lenders if any
9. Original affidavit for use of names (If names differ)
10. Settlement letter(s) from institutions whose loans will be settled (Buy Back)
11. Copy of Credit Reference Bureau (CRB) report
12. Kua Nasi appraisal report
13. Kua Nasi Financial Analysis Excel Template
14. Copy of Proforma Invoice (where necessary) especially for Investment loan requests
15. Business premise lease agreement (where applicable)
16. Introduction letter from WEO (Ward Executive Officer)
17. Security documents
18. Certificate of Right of Occupancy (Title deed)
19. Sales Agreement
20. Residential license
21. Customary Right of Occupancy
22. Associated secondary documents (Affidavits/deed poll in case names vary and Marriage certificate or affidavit for declaration of marital status if single. Copy of current land rent receipts and Official search with LAND REGISTRY)

Registered Sole proprietor/Company/ Enterprises

FOR INDIVIDUAL

1. Loan application letter
2. Filled loan application form
3. Business license
4. Certificate of registration
5. Extract from registral
6. Copy of TIN
7. Audited financials if any
8. Cashflow projection if any
9. Other source of income if any
10. Bank statement if any
11. Title deed copy

FOR COMPANY

1. Loan application letter
2. Board resolution for limited company
3. Memorandum and articles of association
4. Certificate of registration/incorporation
5. Extract from registral
6. Business license
7. TIN certificate (copy)
8. Annual returns filled with BRELA
9. Brief details of Directors and Senior managers
10. Business plan
11. Cashflows projection
12. Audited financials
13. Bank statement
14. Copy of title deed/leseni ya makazi
15. SIDO/VETA recommended letter
16. NSSF registration certificate copy

• VSLAs/VICOBA

• Group registration certificate
• Group constitution
• Resolutions signed by 50% +1
• Application letter

• Formal and informal business (Boda Boda, Mama Ntilie, Machinga, and others)

• Business Registration (Formal)
• Letter from Local Government (Informal)
• NIDA Number

Formal Business (Sole Proprietor or Company)

• Business Registration
• TIN Number
• NIDA
• Certificate of Incorporation

Formal Business (Sole proprietor or Company)

• Business Registration
• TIN Number
• NIDA
• Certificate of incorporation

1. Semi-formal business owners who operate active bank accounts with SMBT for a minimum of six months and from other banks for at least one year.2. Client is at least 18-73 years old at the time of loan disbursement 3. Business premises of the applicant in the bank's operational area 4. The client should have an account with Selcom Microfinance Bank 5. OD amount shall be capped at 20% of the monthly turnover for the transactions from other financial institutions calculated based on the average of one year.6. Comply with ESG policy

1. Borrower ID, Business records and /or bank statement for at least 12 months, Business documentation to prove the business operation, and proof that there is a specific activity that requires him to take a loan.

1. Business owned and operating by Tanzanian Residence.2. Client is at least 18-73 years old at the time of loan disbursement.3, Business operated for at least 6 months.4. Business must have regular monthly cash flow5. Business and collaterals within branch operating zone.6. Ensure client comply with environmental climate-related risk and social management policy and governance policy (ESG). Adding eligibility to specific products i./Agri loans; client to have experience of at least 2 growing seasons in a particular plot. For SMEs, the client must have business records and /or transaction receipts for the past 6 months.

1. ID of the client and cosigner if married, guarantor, collateral provider if needed in some case, marriage proof, business documentation (business license, Tin, tax clearance), rent contract if rented home and business, proof of premise ownership for home and business if owned by client, sales records, original collateral documents in case are securing loan. For company business to have extra documents apart from those mentioned like memorandum of understanding, Article of Association, audited financial report, Brela registration document, board of resolution, business records and /or bank transactions. Others for specific businesses like schools, pharmacy; registration documents from the authority responsible for guiding that industry, and permit of operation. For vehicle insurance payment (Tira document) and Latra document.

• 12 months business turnover

• KYC documents
• Three years financial statements + Management accounts
• 12 months Bank statemement
• Company profile

12 months business turnover

• application letter
• KYC documents
• three years financial statements + Management accounts
• 12 months Bank statement
• company profile

12 months business turnover.

• Application letter
• KYC documents
• Three years financial statements + Management accounts
• 12 months Bank statement
• Company profile

12 months business turnover.

• Application letter
• KYC documents T
• Three years financial statements + Management accounts
• 12 months Bank statement
• Company profile

Legally and registered business

• Trade License/TIN/LATRA/Certificate of registration
• security documents
• MEMARTS (for limited company)
• special permit where applicable

Legally and registered business

• Trade License/TIN/LATRA/Certificate of registration
• security documents
• MEMARTS (for limited company)
• special permit where applicable

• Running or existing business

• TADB Checklist which includes KYC documents
• Business Plan or proposal
• Bank statement for 12 months
• security documents

• Running or existing business

• KYC document
• Business plan/proposal
• Bank statement for 12 months
• Security document

• Running or existing business

• TADB checklist which includes KYC documents
• Business plan or proposal
• Bank statement for 12 months
• Security documents

• Running or existing business

• TADB checklist which includes KYC documents
• Business plan or proposal
• Bank statement for 12 months
• Security documents
• Invoices

• Running or existing business

• TADB checklist which includes KYC documents
• Business plan or proposal
• Bank statement for 12 months
• Audited financials
• Security documents
• Invoices
• BOQ