Loan Products

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1. SMALL GROUP LOANS

- Business experience: at least 6 months (present business activities)
- Credit experience: not necessary business
- Premises of the applicant: in the bank’s operational area
- Documents: usual borrower identification document

2. MICRO, SMALL AND MEDIUM SIZED ENTERPRIZES (MSME LOANS)

- Business experience: at least 6 months (present business activities)
- Credit experience: not necessary
- Business premises of the applicant: in the bank’s operational area
- Documents: usual borrower identification document + business records and / or transaction receipt

3. LOANS TO SACCOS

- It must be fully registered by the registar of cooperatives
- It must provide a resolution by annual general meeting (AGM) or a clause in the SACCOS’ Constitution that allows leaders of the SACCOS should guarantee the SACCOS.
- Busines experience: at least 3 years (present business activities)
- Credit experience: not necessary
- Business premises of the applicant: in the bank’s operational area
- Documents:

4. CONSUMER (SALARY ) LOANS

- Business experience: he/she must be a confirmed employee of the respective organization.
- Credit experience: not necessary
- Business premises of the applicant: in the bank’s operational area
- Documents: usual borrower identification document

collateral requirements – no collateral requirements but the employer must guarantee his/her employee.

P. O. Box 216 Dar es salaam Tel : +255 22 2110518 Fax : +255 22 211 595 Email : info@maendeleobank.co.tz