Loans category designed for a high profile employees e.g Chief Executive Officer, Managing Director, Head of departments, Business managers, Head of Units  to fulfill their dreams

Loan features

• Should channel salary through MB account
• The loan amount ranges from TZS 1,000,000 to TZS 150,000,000
• The loan tenure is 6 months to 48 months
• Should be employed in Goverment or private sector
• Should have security to pledge

Eligibility creteria

• Have salary account with MB
• Have three recent salary slips
• Should have employement ID
• Should have empolyment contract

Loan benefits

• Fulfilling the personal dreams
• Affordable rates
• Quick loan processing
• The loan is insured against death and permanent disability

This is a loan category designed to boost the farming projects and/or the value chain. Expand spontaneously production and supply for more profit by partnering with Maendeleo Bank

Loan features

• Minimum amount is TZS 1,000,000 and maximum amount depends on the purpose and ability to repay back
• Period of 1 month to 36 months
• Security to be pledged should be conversational securities e.g. Landed property
• Borrower should be in farming with experience of at least two seasons
• Should have business records or transactions receipts

Eligibility criteria

• Maintain an account with MB
• Should in commercial farming for more than two successful seasonal 

Loan benefits

• Affordable interest rate
• Quick loan processing
• Leveraging of money  
• The loan is insured against death and permanent disability

These are loans designed to boost the projects owned by religious institutions while planning to pay periodically

Loan criteria

• Loan amount is TZS 1,000,000 to maximum amount depends on the purpose and ability to repay back
• Duration is 3 months and maximum duration of 48 months.
• Valid religious institution registration
• Religious institution which are non-profit oriented

Eligibility criteria

• Should have an account with MB
• Should pledged security
• Religious institution which are non-profit oriented

Loan benefits

• Maximum Grace period of 6 month depending on the nature of investment.
• Affordable interest rate
• Quick loan processing
• Leveraging of money

This is a loan category designed to boost commercial poultry keepers for feeds, medicine etc for a period of 6 weeks to maximum of 8 weeks   

Loan features   

• Loan amount ranging from TZS 1,000,000 maximum of TZS 30,000,000.
• Should be in commercial farming for at least two successful seasons
• Loan duration is 6 weeks to a maximum of 8 weeks
• Competitive interest rate
• Security is needed

Eligibility criteria

• Business should be registered
• The business must be located within a location served by an Maendeleo Bank Branch
• Business must have a steady cash flow
• Applicants must have a premise (owned or rented)
• The borrower must have business license/permit from local authorities in his or her own name
• Applicants must have a good reputation in the community

Loan benefits

• Quick loan processing
• Payment after harvesting
• The loan is insured against death and permanent disability

We make your dreams a reality. Housing Microfinance loans are special and unique loans for improving individual homes.

Loan features

• Must be for home improvement project or purchase the surveyed plot
• Loan amount of TZS 500,000 to a maximum of TZS 30,000,0000
• Have a project description and budget

Eligibility criteria

• Should have a source of income (Salary or business)
• The plot should be in the name of a borrower
• The house to be improved is the main security for a loan

Loan benefits

• Competitive rate
• Build your dreamed home
• Quick loan processing
• The loan is insured against death and permanent disability

This is a customized product to enable Micro, Small and Medium Enterprises to meet their Working and Investment Capital needs. The loan facility is designed to boost the Entrepreneur’s initiatives after starting and sustaining in business.

Loan features

• Adequate loan amount ranging from TZS 3,000,000 to TZS 500,000,000
• Free business training and coaching
• Free business advisory services
• Competitive and affordable interest rate
• Loan tenure of 6 months to a maximum of 36 months

Loan eligibility

• Applicants must be at least 18 years of age
• At least three years’ experience in operating same or similar business
• The business must be located within a location served by an Maendeleo Bank Branch
• Business must have a steady cash flow
• Applicants must have a premise (owned or rented)
• The borrower must have business license/permit from local authorities in his or her own name
• Applicants must have a good reputation in the community

Loan benefits

• Credit experience not necessary
• Quick loan processing
• Our officers are regularly trained to equip the borrowers with business skills
• The loan is insured against death and permanent disability

Saccos loans are special and unique, established to manage and expand the saccos.

Loan criteria

• Should have business experience of at least 6 months
• Loan amount is TZS 1,000,000 to maximum amount depends on the purpose and ability to repay back
• Duration is 3 months and maximum duration of 48 months.

Eligibility criteria

• Should be a fully registered by the register of cooperative
• 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

Loan benefits

• Credit experience not necessary
• Quick loan processing
• Leveraging of money 
• The loan is insured against death and permanent disability

You have an employment? You stand a chance to have loan to fulfill your dreams be starting business, buying a plot, buying a car etc. We are here to serve you with dignity...

Loan criteria

• Should be a confirmed employee
• Amount of loan is determined by net salary pay
• The repayment period is up to 48 months

Eligibility criteria

• Should be employed and/or doing business
• Should have security to pledge

Loan benefits

• Credit experience not mandatory
• Affordable interest rate
• Quick loan processing
• The loan is insured against death and permanent disability