Fees & Charges

Membership Fee

All clients have to pay Tsh. 10,000/- as membership fee which is not refundable. This will be collected during submission of loan application form.

Processing Fee

A processing fee of 1.5% of the loan approved will be collected for any of the loans.

Insurance Fee

Insurance administration charges will be collected for the loans as per the details given in the loan product summary. Access to credit for business finance is considered one of the major tools against poverty eradication. Commercial banks, which are the traditional sources of credit for most Tanzania lend only to people or businesses with 'acceptable' collateral. Yet many micro, small and medium enterprise owners do not own such collateral. Therefore, many people with good business ideas could hitherto not undertake or grow their businesses due to lack of credit. However, with the arrival of many microfinance service providers in Tanzania, many people have been able to access credit from these microfinance institutions either as individuals or in Organizations. Unlike traditional banks which restrict their branches to major towns, microfinance companies are striving to reach almost every corner of the country.