Financing Instruments & Financing Providers

Warehouse receipt loans are given to registered farmer groups, individual farmers, commodity traders and businessmen. The funding is based on commodities stocked in the bank’s controlled and authorized warehouse after submission of a warehouse receipt. The bank holds the crops stored in the warehouse until buyers pay for the crops they purchased

• A year old registered and licensed existing business.
• Business premises.
• NMB Bank account  holder or provide a printed bank statement for a non-NMB Bank account holder.

• Loan application letter.
• Memorandum of Association/Articles of Association (for companies).
• Certificate of Registration / Certificate of Incorporation (for companies).
• Financial statements for at least three years (for companies).
• Crop business license.
• Board Resolution to Borrow (for companies).
• Recent filed returns with Register of Companies (for companies).
• Security of the loan (if pre-finance is required).
• Certificate of maximum liability from Registrar of Cooperatives (for cooperatives).
• Minutes of the AGM approving to apply for the loan for Cooperatives (for cooperatives).
• The minimum crop volume to qualify for WRS finance is 50mTZS.
• Realistic crop procurement plan and cash flow projections.

Short- to medium-term funding to finance the purchase of moveable assets, such as motor vehicles, for business.

• Be 18 years or older.
• Tanzanian citizen with permanent resident or a foreign with a work permit.
• Have current account with Stanbic bank and bank statements for the recent 6 months.

• Application form.
• Bank statement.
• Business plan.
• Business registration documents.

To empower young entrepreneurs.

Business

Traders & Processors loan, for working capital to expand business operations, also for purchase capital items

• Client with Active Bank.
• Account with Access Bank Tanzania for at least three months and from other Banks for at least one year.
• Valid Business.
• Cash flow.

• Certificate of Incorparation.
• Compliance certificates such as, Tax clearance.
• TIN, VAT, Business Licence.
• Required collateral

Team loan for Agribusiness, crop business for buying crops and selling crops.

• Risk assesment.
• lender Marketing.
• Business security.
• Business plan.
• Lender cash flow.

• Certificate of Incorparation.
• Compliance certificates such as Tax clearance.
• TIN, VAT, Business Licence.
• Business plan.
• Identity Card.
• Required collateral.

Secured loans pre-export loan for crops i.e. cashew nuts, tea, and coffee

• Start up working capital.
• Cash flow and income of lenders (higher business cash flow and income the better chance of fund.
• Age of business at least two years experience in the business.

• Certificate of Incorporation, Business registration or Compliance certificates.
• Tax clearance, TIN or VAT number.
• Business license.
• Business plan.
• Identity Card.
• Board resolution / letter.
• Required collateral.

Traders loan, Team loan for working capital and expanding business operations, also for purchase of capital items

• Start up working capital.
• Cash flow and income of lenders( higher a business cash flow and income the better chance of fund.
• Age of business at least two experienced on business industy.
• Bank should know there customers.

• Introduction letter from AMCOS leaders, Association or Farmers group.
• Certificate of ownership of the land Title deed / (Traditional).
• business license.
• Voter Identity card / National identity card.
• Business Plan.
• Current credit flow.
• Required collateral.

Non-secured loans are available to individuals in groups of 5 members to 40 members doing businesses in the same locality.

• No, conversional security is required loan tenure of 4 months to a maxmimum of 12 months.
• Be in a group with 5 members.
• Have operational business runnning at least for 6 months.
• Have identification documents (Borrower's documents).

• Have identification documents (borrowers documents). 
• Deposit savings to operational account.