Financing Instruments and Financing Providers

Working capital loans to micro and small-size enterprises. The loan can be used for any business purpose.

• Applicant must be at least 18 years
• Business experience of at least 6 months and a permanent working place
• The borrower must have a business license or permit from authorized authorities
• Applicant has no other loan/s with other lender/s
• Collateral should cover at least 125% of the loan amount
• Maximum term 12 months

• Copy of business license

• Certificate of incorporation, MEMAT (If incorporated)
• TIN (Tax Identification Number)
• 12 months bank statement
• Loan request letter (stating the requested terms i.e. Loan type, amount, and tenure)
• Valid ID i.e. National ID, Voter's ID, Passport, Driver's license

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.)

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 or business investment

• Business experience of 36 months

• Bank statements for a period of 6 months

• KYC document

Financing Agricultural inputs for farmers (based on cashew nut farming)

3 Years of AMCOS operations

• Executed Board Resolution

1. Application letter
2. Certificate of Registration
3. Bank Statement for 3 years
4. Registrar's endorsement letter
5. Upcoming season harvest/revenue Projection
6. IDs of AMCOS leaders
7. Site visit confirmation/Call back whichever is applicable
8. Beneficiary details (depending on loan purpose)
9. Branch Manager recommendation via email detailing the below.

Working capital

Availability of collateral

• Copy of National Identity card

Request letter with purpose

Asset Financing

The customer should have collateral as fallback position

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

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

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)