MKOMBOZI BANK SOLIDARITY GROUP LOANS

This product aims at providing finance to Micro and small Businesses entrepreneurs Loan Amount: Minimum loan amount is TZS. 200, 000 and maximum loan amount is TZS. 2, 000,000.

REQUIREMENTS:

• Savings or Current Account with the Bank.
• Applicant must be resident within the branch designated area of operation.
• There must be an on-going business activity.
• Inspection of business.

BENEFITS

• Repayment periods is Six months (6), Nine Months (9), and Twelve Months (12).
• Affordable interest rates.
• Flexible and regular repayment plans available.
• Clients will be required to make payments only after one month
• Helping the clients to reduce transaction costs and save time’
• The client has the opportunity to select the repayment period.
• Secured facilities.
• No collateral.
• Small and manageable loan repayments
• Improves business discipline for Entrepreneurs.
• Accumulation of savings through weekly compulsory savings.
• Easy accessible loans.
• Fast and easiest way to access business funds.
• Informal loan security accepted.
• Affordable to most low income earners.