• Tanzania
  • Resources
  • Access to Finance
  • Access to Capital
  • Access to Capital

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. 
angle-left National Micro-Finance Bank (NMB)

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
  1. Personal Loan

NMB gives loans to various entrepreneurs and the repayment period ranges from 12-72 months

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
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angle-left Equity Bank- Zanzibar

Equity Bank- Zanzibar

NAME OF THE BANK

EQUITY BANK – ZANZIBAR

ABOUT EQUITY BANK

Equity Bank Limited Tanzania is a member of the Equity Bank Group, headquartered in Nairobi, Kenya, which maintains financial services subsidiaries mainly in East African Countries. Equity offers financial services through its wide network of branches in Kenya, Uganda, South Sudan, Rwanda and Tanzania

NAMES OF  LOANS PROVIDED

FANIKISHA LOAN 

Fanikisha Loan is lent to a group of 7 to 10 women who are engaged  in business

Loan information

Interest rate

1.25% per month

collateral

Guarantee of members

Grace period

4 weeks

Duration

Up to 18 months

Repayment terms

Weekly/Monthly

Loans amount

From 20,000/- up to 2 Million

Requirements for Fanikisha loans

  • Be an active member with Equity bank
  • Submit loan purpose for financing business working capital and operational needs
  • Submit loan applications with a reasonable time
  • Be able to clearly demonstrate existence of other resources of income that could be utilized for loan payment

KILIMO KISASA LOAN  

 

Kilimo Kisasa Loan: This is a loan product specially designed to cater for purchase of modern agricultural tools and equipment such as irrigation equipment, green house tunnels, spraying equipment, milking machines, etc.

Loan information

Interest Rate

18%

LACE

2%

Loan amount

Minimum 500,000/-

Repayment period

2 years

Repayment terms

negotiated to match the seasonality of proceed

Insurance

Credit Insurance

Flexible Requirements

 

 

Chattels, Log books, Shares or cash cover, debentures, Title deeds, Guarantors, Residential license, etc

 

Requirements

  • Should be an account holder with Equity Bank for at least 3 months
  • Registered business
  • Permanent business locations
  • Acceptable securities
  • Reliable cash floW

Contact Details

Equity Bank(T) LTD
Zanzibar Branch
P.O. Box 5255
Mlandege Road
Zanzibar – Tanzania
Contact Person
Abrazak Mgallah
Phone: 0713394020
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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