National Micro-Finance Bank (NMB) - Tanzania

Access to Capital

In Tanzania, the proportion of women with access to financial services is low compared to that of men due to several social-economical factors.This, in spite of the big role women entrepreneurs contribute to the national economy.

This financing gap has attracted the attention of development actors; they are advocating for a fair distribution of productive resources between men and women.

Some statistics

51.2% of women access formal financial services compared to 63% of men
17.1% of women hold accounts in financial institutions against 21.1% of men
27% of adult women own Mobile Phones as opposed to 38% of men
44% of the women use Mobile Money against 54% of men .

What can help to narrow the gap ?

Ever growing Digital Financial Services; and the
Development of Women Specific Financial Products and Services.

National Micro-Finance Bank (NMB)

*National Microfinance Bank (NMB)*	NMB Bank is a fully-fledged retail and commercial bank in Tanzania. The bank offers banking services to individuals, small to medium sized businesses, as well as large corporate clients. NMB Bank has a wide branch network with over 224 branches, over 6000 NMB Wakala/Agents and over 800 ATMs serving over 3 million customers across the country.
*List of loans provided*	Brief description of the loan
Personal Loan	NMB gives loans to various entrepreneurs and the repayment period ranges from 12-72 months
Personal Loan	Interest rate	17% per annum
	Collateral	Formal and informal securities
	Amount	2,000,000-50,000,000 TZS.
	Grace period	No
	Duration	12-72 Months
	Repayment terms	Monthly
	Requirements	You have a viable business or business idea You are a Tanzanian National You are a committed and trustworthy entrepreneur
2. NMB TPDF Loan	Interest rate	14% per annum
	Collateral	Formal and informal securities
	Amount	200,000-100,000,000 TZS.
	Grace period	No
	Duration	12-72 Months
	Repayment terms	Monthly
	Requirements	You have a viable business or business idea You are a Tanzanian National You are committed and trustworthy entrepreneur
3. Emerging and Commercial Farmers Finance	Interest rate	11-17% per annum
	Collateral	Land
	Amount	Negotiable.
	Grace period	No
	Duration	12-72 Months
	Repayment terms	Monthly
	Requirements	Farmers with above 13 acres (5.2Ha’s) to 50 acres (20Ha’s) of farming land under single standing (not scattered) Farmers with at least two prior years good harvest and sales records Farmers with at least one year of banking relationship with clean records
		Contacts Managing Director (Envelope marked "strictly private and confidential") NMB Head Office, P. O. Box 9213, Dar es Salaam, Tanzania 0658 751 000 Tigo 0779 751 000 Zantel 0685 751 000 Airtel 0800 751 000 Vodacom The NMB website: http://www.nmbbank.co.tz

DIAMOND TRUST BANK (DTB)– ZANZIBAR

targets SME sector

NATIONAL BANK OF COMMERCE LIMITED (NBC) – ZANZIBAR

provides cash cover and group loans

Amana Bank Zanzibar

Islamic bank that offers loans and services that meet the needs of not only Muslims customers but everyone who wishes to apply for the bank services.

MELI NNE SACCOS

provides several financial products and services that target individuals and group members

Equity Bank- Zanzibar

has two different loans targeting business women

BRAC Zanzibar

provides loan to groups of women who engage in entrepreneurship

UWEZESHAJI SACCOSS

mobilizes savings from its members and in return provide credit-free facilities

50MAWSP origin

The African Development Bank partners with EAC, COMESA & ECOWAS Regional economic blocks to implement the 50 Million African Women Speak Networking Platform Project.The platform is intended to empower millions of women in Africa to start, grow, and scale up businesses by providing a one-stop shop for their specific information needs. Click on the image for more information

National Micro-Finance Bank (NMB) - Tanzania

Access to Capital