Pamoja Loan

Purpose

To fulfil working Capital needs for entrepreneurs operating Micro and small businesses

Target Market

Individual entrepreneurs guaranteed by their fellow members of the group

Product Features

Loan Term:

Loan 1: 3-6 Months

Loan 2:up to 12 Months

Frequency of repayment:

Weekly or biweekly

Loan Amounts:

•1st loan level: TZS 100,000-500,000

•2nd loan level: up to TZS 1,000,000

•3rd loan level:up to TZS 2,000,000

Requirements

•Duly signed loan application form accompanied by Borrower’s Photograph

•Certified Copy of the Client’s Identity Card

•Documentation for collateral ownership

•Joint Certification of the CO and BM

•Certification by Credit Management Unit and Branch Operations Unit

•Any other document [please specify