Financing Instruments and Financing Providers

This loan facility is offered to sole proprietors, companies, and employees for the purpose of clearing a vehicle (car) from the port or purchasing a car for business or personal use. Clients are eligible for a loan of up to 50% of the car's purchase value.

company, sole proprietor, employee

• Copy of National Identity card

For Company

1. Current KYC document
2. Well-filled loan application documents
3. All legal business documents (TIN, Business license, Extract of business name registration, Tax clearance, Registration document)
4. CIT report
5. Bank statement
6. Current photos for the business, client, and collateral
7. Profoma invoice from the supplier
8. Proof/receipt for 50% payment
9. Comprehensive insurance
10. Memorandum of Association
11. Board of resolution
12. Official BRELA search report
13. Certificate of registration
14. Bandari and TRA assessment
15. Bill of lending
16. Director's introduction letter and IDs

For Employee

1. Three salary slips
2. Employee contract
3. Profoma invoice
4. NSSF contribution statement
5. Introduction letter
6. Bandari and TRA assessment
7. Bill of lending
8. Three-month bank statement

For a Sole proprietor

1. Current KYC document
2. Well-filled loan application document
3. All legal business documents (TIN, Business license, Extract of business name registration, Tax clearance, Registration document)
4. CIT report
5. Bank statement
6. Current photo for the business, client, and collateral
7. Car invoice from supplier
8. Proof/ receipt of 50% payment
9. Comprehensive insurance
10. Bandari and TRA assessment
11. Bill of lending
12. Introduction letter and IDs

The purpose of this loan is to reduce poverty for small business.

Eligible for small business.

• Copy of National Identity card

1. Passport size.
2. Introduction letter from local government authority.

Empowering and uplifting small entrepreneurs.

1. Must have a source of income
2. Must have a valid identification.
3. Business/applicant information.
4. Must have two referees with valid identification.
5. Must provide collateral worth three times the amount requested.
6. Residential information of the applicant and the referee.

• Copy of National Identity card

1. Letter of introduction from government authorities.
2. Copy of business license.
3. Financial information on sales.

The aim of this loan is to provide a quick, short-term loan for employees to cover urgent expenses, repaid directly from their salary.

public servants

• Copy of National Identity card

1. Three-month bank statements
2. Payroll of the three months prior
3. Employment ID

To provide business financing to Micro Entrepreneurs

Any legal business

• Copy of National Identity card

Any ID such as NIDA/ VOTER'S ID/ DRIVING LICENCE

Approval from the local government

Passport size

For business growth.

• The entrepreneur shall be 18 years of age and above.
• The Business operated by the entrepreneur shall be Sharia-compliant.
• The entrepreneur shall belong to formed groups vetted by the Bank
• The entrepreneur shall receive loan approval from members of the group.
• Close relatives such as spouses, children, parents, siblings, etc. must not be members of the same G5.
• The entrepreneur shall possess a valid voter’s registration card, national identity card, or passport.
• The entrepreneur shall contribute on a weekly basis to the Saving Insurance Fund (SIF) a certain amount to be set by the Management.
• The entrepreneur shall be required to deposit a certain percentage of the financing amount set by this policy as security.

• Copy of National Identity card

Facility Application

Business and Collateral Assessment

Group Guarantor Ship

Group lending products targeting small entrepreneurs who might have no business licenses but are permitted to carry business under certain conditions laid by the government such as agriculture farming, Agri-allied activities, or any other business activities.

1. Proof of existing business for over 6 months
2. Over 18 years
3. Tanzanian
4. 10+ or individuals

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

The purpose of this loan is to cover family needs.

The borrower must have stable employment or a reliable source of income.
They must have two guarantors with valid identification.
They must provide a letter from their employer.
They must submit salary slips for the past three months.
They must have a good loan repayment history.

• Copy of National Identity card

Letter from their employer.

Recent passport-sized photos.

Employment contract.

Payment slips for the past three months.

The loan is designed to help individuals meet personal needs.

The borrower must have stable employment or a reliable source of income.
They must have two guarantors with valid identification.
They must provide a letter from their employer.
They must submit salary slips for the past three months.
They must have a good loan repayment history.

• Copy of National Identity card

Letter from their employer.

Recent passport-sized photos.

Employment contract.

Payment slips for the past three months.

The purpose of this loan is to start, operate, grow, and expand a business.

The applicant must have two guarantors with valid IDs, a business plan showing expected profitability, and acceptable collateral.

• Copy of National Identity card

Entrepreneur's identification card.

Introduction letter from the market.