Small Group Loan

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BUILDING A BETTER LIFE TOGETHER

The small group loan is a business credit facility that is designed to finance groups of 5 to 10 entrepreneurs. This loan is provided to groups of entrepreneurs with valid individual businesses.

Why should you apply for this loan?

  • Facilitate business performance and growth.
  • Flexible loan term repayment plan.
  • This loan falls within the range of TZS 250,000 up to TZS 5,000,000.

Eligibility criteria for Small Group Loan

  • Form or join a group of 5-10 entrepreneurs.
  • Individuals must have valid businesses that have been operating for at least 6 months.
  • Applicants must be at least 18 years old and each must have a valid ID card.
  • Applicants must have letters of recommendation from the local leader of their place of residence.

Enjoy the benefits of Small Group Loan

  • No collateral needed.
  • Guarantorship from group members.
  • Loan installments can be conveniently done through your mobile phone.
  • Flexible loan term up to 12 months.
  • Free insurance to cover the business on unforeseen events and free life insurance for the client, spouse and 4 children who are below the age of 18.
  • The loan is delivered within 5 working days from the date all applications are received.
 
 
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