Financing Instruments and Financing Providers

Working capital

Business should be at least 12 months

Business license

Development loan

The business should comply with legal requirements

Tax clearance certificate

Asset Financing

The customer should have collateral as fallback position

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

Mortgage

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

Spouse ID for married borrower

Contract/LPO/Certificate/Invoice Financing

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

Evidence of marital status

Application letter and Board resolution for limited company

Loan for entrepreneurs who owns a private education institution like a nursery, primary or secondary, vocational/training/technical institutes, colleges, or university.

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

Loan provision for individuals with small businesses.

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

Individual loan for micro and small entrepreneurs operating profit-making businesses in urban, semi-urban, and rural urban.

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

Individual loan for existing FINCA clients or prospects who engage in entrepreneurial activity or permanent employment to pay school fees for their children or relatives.

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.)

Loans provided to individuals (natural and legal persons) and Social Financial Groups (SFG) customers holding Fixed Term Deposit (FDT) accounts with the bank and they want to secure loans against their deposit balances to solve short term needs and emergences without breaching their FTD contracts.

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

• Individuals should have fixed deposit account

Designed to meet working capital requirements in TZS or USD.

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

To help small and medium enterprises meet working and working capital needs.

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)

Working capital or Asset Financing

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

Onward lending to the member

• VSLAs/VICOBA

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

Working Capital for Business

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

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

Purchase of Asset for Commercial

Formal Business (Sole Proprietor or Company)

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

Working Capital for Business

Formal Business (Sole proprietor or Company)

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

Business-related short-term liquidity needs for normal operation

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

• Copy of National Identity card

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.

Working capital and Investment

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.

• Copy of National Identity card

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.

Loan provided to acquire assets

• 12 months business turnover

• Executed Board Resolution

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

To support daily business needs.

12 months business turnover

• Executed Board Resolution

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

Business expansion

12 months business turnover.

• Executed Board Resolution

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

Bidding/working capital.

12 months business turnover.

• Executed Board Resolution

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

Working capital, renovation, acquisition of equipment, Capital investment

Legally and registered business

• Copy of National Identity card

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

Working capital, renovation, and acquisition of equipment

Legally and registered business

• Copy of National Identity card

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

Purchase of beef cattle for fattening and feeds and other supplements.

• Running or existing business

• Copy of National Identity card

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

Purchase of dairy cattle, feeds and other supplements.

• Running or existing business

• Copy of National Identity card

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

Facilitate farming activities or purchase of improved seeds, fertilizers, herbicides, fingerlings, day old-chicks.

• Running or existing business

• Copy of National Identity card

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

• Purchase of farming implements (tractors, harvesters, planters, boom sprayers etc.)

• Running or existing business

• Copy of National Identity card

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

Facilitate capital expenditure (CAPEX)

• Running or existing business

• Copy of National Identity card

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