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.