The following guidelines are the latest issued by Credit. Any changes /update in the Short-Term Lending Guidelines will supersede any of the following criteria.
| Loan Amount | TZS 300,000 – 20,000,000 |
|---|---|
| Interest Rate | 10% Per Month (Flat) loan above 10m 7% per month (flat rate) |
| Tenure |
Minimum 3 Months & Maximum up to 12 Months. Minimum 3 Months & Maximum 9 Months for loans below or equal to 10M. For Loans equal or below 500,000/= Maximum 4 Months. |
| Due Date | Disbursement date |
| Repayment Model | Monthly or Weekly basis |
| Grace Period | No |
| Insurance Fee | 1% (Deducted from loan disbursed) |
We intends to reach poor families in Tanzania with microloans. We strives to ensure that, the granting of credit accommodation is always based on sound and professional credit assessment of customers. We bridge the gap in the provision of financial services where customer satisfaction, efficiency and innovation reign.
