Financing Instruments and Financing Providers

This is a line of credit based on your outstanding invoices at any given time. This special line of credit strengthens your working capital cycle by turning your account receivables into immediate cash to support ongoing business operations. Your outstanding invoices act as our primary source of collateral.

All industries

• Copy of business license

LIST OF KYC FOR LIMITED COMPANIES

1. TIN & VAT certificates
2. Recent Tax clearance
3. Certificate of incorporation
4. Identification documents of directors and shareholders
5. Memorandum and articles of association/partnership deed
6. Board borrowing resolution
7. Certified copy of the latest annual returns
8. Bank statement of the past 12 months
9. Cash flow projections of the next 12 months
10. Management accounts from January to date
11. Audited financials for the past 3 years
12. List of contracts on hand if available

LIST OF KYCS FOR SOLE TRADERS/PROPRIETORS

1. TIN & VAT certificates
2. Certificate of registration & extract from Brela
3. Recent Tax clearance (TRA report)
4. Identification documents for owner/partners
5. Bank statement of the past 12 months/Mobile transaction statements
6. Residence verification letter from local government
7. Board resolution (if it is a partnership

Working Capital, Project Finance, Asset Finance, LCs

Sole Proprietors, Companies, Cooperative societies, Government Institutions.

Depends on the type of client and project type. Key documents include; Business/project write-up including projected financials; KYC papers (certificate of registration, tax clearance, and business license where applicable, previous financials and production records, buyer/farmer contracts if applicable, necessary regulatory permits such as water use rights (if applicable), certificate of maximum liability (CML) for cooperative societies, and others)

Agribusiness

• Farming
• Farm input
• Crop business

• Copy of business license

• Business registration (Formal)
• TIN Number
• NIDA

Purchase of machinery, irrigation equipment

• Running or existing business

• Sales records for the past 12 months

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

To facilitate the purchase of assets or equipment.

• Asset financed can be used as collateral.
• Customer to provide 20-25 percent down-payment
• Financed asset should not be older than 8 years from the year of manufacture

• Copy of business license

1. Certificate of Incorporation, MEMART (if incorporated)
2. TIN (Tax Identification Number)
3. Loan request letter (stating the terms, loan type, amount, and tenure)
4. 12 months bank statement
5. Valid ID i.e. National ID, Voter's ID, passport, Driver's license
6. Audited financial statements

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

Purchase of Asset for Commercial

Formal Business (Sole Proprietor or Company)

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

Provide short-term working capital for small businesses. This is in support of business expansion, stock and raw material purchase, investment in light machinery and equipment etc.

Business owner with valid business license and valid business with a proven records of not less than three months.

• Copy of National Identity card

• Duly completed and signed loan application form
• Introduction letter from Local Government Authority
• Valid Business License & TIN number

This is a guarantee that is issued to contractors for tendering the work, with the required percentage ranging from 10% to 500 million TZS per customer.

This guarantee is unsecured and does not require the client to open an account with the bank.

• Copy of National Identity card

• Fill BOA Bid application form
• Board resolution (Head paper with the company stamp on it)
• Tender notice & Bid format
• KYC documents (For Non Account Holders)

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