Tanzania Agricultural Development Bank (TADB) DIAMOND TRUST BANK (DTB)– ZANZIBAR - Tanzania

Tanzania Agricultural Development Bank (TADB)

TADB is a State-owned Development Finance Institution (DFI) established to catalyse the development of agriculture sector in Tanzania by providing loans to agricultural entrepreneurs

The TADB Limited was established under the company Act 2002 CAP 212 to support agricultural financing value chain such as finance agricultural inputs, production, warehousing, and distribution facilities, processing and marketing.

Brief description of the loan

Agricultural Value Chains Loan  

TADB gives loans to various entrepreneurs and the repayment period ranges from 12-36 months

Interest rate

Agreeable  

Collateral

Formal and informal securities

Amount

2,000,000 and above

Grace period

No

Duration

12-36 Months

Repayment terms

Monthly

Requirements

• Producer, processor and or seller of agricultural products
• Committed and trustworthy  Tanzanian National

Contacts

EASTERN ZONE

Acacia Estate Building
4th Floor Kinondoni,
Kinondoni Road.
Box 63372 DSM, Tanzania.
+255 22 292923500
0800 110 120
info@tadb.co.tz

CENTRAL ZONE

PSPF Dodoma Plaza
5th Floor Plot 2&4 NCC Link Area,
Benjamini Mkapa Road,
P.O. Box 2143 Dodoma, Tanzania.
+255 26 2963849
0800 110 120
dodoma@tadb.co.tz

LAKE ZONE

TBA Building
Ground Floor Ex. TRA Office,
Postal Road,
P.O. Box 141 Mwanza, Tanzania.
+255 28 2541763
0800 110 120
mwanza@tadb.co.tz

SOUTHERN HIGHLANDS ZONE

Plot No.20 Block E
Jacaranda Street,
P.O. Box 2581 Mbeya, Tanzania.
+255 25 2503053
0800 110 120
mbeya@tadb.co.tz

TITLE

DIAMOND TRUST BANK (DTB)– ZANZIBAR

SUMMARY

DTB’s services target SME sector and it is committed to enhancing convenience for customers.

ABOUT DTB BANK

Diamond Trust Bank (DTB) is an affiliate of the Aga Khan Development Network (AKDN), operated in East Africa for over seventy years. Listed on Nairobi Securities Exchange, DTB is a leading regional bank which offers its financial services in Kenya, Uganda, Tanzania and Burundi.

DTB’s focus on the SME sector and commitment to enhancing convenience for customers through branch network expansions driven the Bank’s growth in recent years. With over 130 branches in Kenya, Tanzania, Uganda and Burundi, some which are 24/7 digital branches, DTB is committed to enabling people to advance with confidence and success. The Bank’s heritage and values are articulated in its brand promise, archive more and brought to life through an engaged diverse workforce.

Loans provided

1.    SME Loans

SME loan provides cash to meet SME business working capital needs in day-to-day business operation costs e.g. purchasing of raw material for production and stocks for resale.

 These credit facilities specifically designed to suit needs and goals of small & medium enterprises (SMEs) in Tanzania.

Features

• Flexible loan repayment period
• Flexible and affordable interest rate
• Free business advisory
• Quick processing to help customer meet the deadlines

Benefits

• Expert advice on trade finance needs for the SMEs
• Dedicated relationship managers for guidance in the application process.

2.    Home loans

 The purpose of this loan is to finance construction, purchase and renovation of residential houses and apartments. An all-inclusive mortgage product designed to meet the needs of home loans in Tanzania.

 Loan features

• Financing up to 75% of property value
• Mortgage period up to 10 years
• Minimum credit limit is TZS 50 million and maximum is TZS 500million
•  Interest rate 20%

 For more info

https://diamondtrust.co.tz/borrowing/sme-loans

Contact Details

DTB Bank
Zanzibar Branch
Email: customercar@diamondtrust.co.tz
Zanzibar Tanzania

website: https://diamondtrust.co.tz