• 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. 

Tanzania Agricultural Development Bank (TADB)

offers agricultural Value Chain Loans

Vision Fund Micro Finance Bank Tanzania

VFT MFB BANK LTD provides affordable loans to small and large business owners and farmers.

Tanzania Agricultural Development Bank (TADB)

is a State-owned Development Finance Institution (DFI) providing loans to agricultural entrepreneurs.

SME Impact Fund

gives loans to agribusiness entrepreneurs in Tanzania focusing on those who are already in business

National Micro-Finance Bank (NMB)

provides a range of banking services to various clients

Tanzania Postal Bank (Tpb)

provides a collateral free loan to women who save with the Bank's Tabasamu Woman Account

Cooperatives Rural and Development Bank (CRDB)

CRDB bank is a financial services provider in Tanzania. The Bank offers Corporate, Retail, Business, Treasury, Premier, and wholesale microfinance services through a network of 260 branches, 551...
angle-left MELI NNE SACCOS

MELI NNE SACCOS

ABOUT MELI NNE SACCOS

Meli Nne SACCOS is a registered Savings and Credit Co-operative Society established under the governing Co-operative Society Act no.6 of 1984 in 2005. With more than 905 women members from 19 women groups and 547 men, the SACCOS provides various loan products to its members.

With TZS 1.5 billion as a capital, the SACCOS manages to provide financial services to its members for socio-economic activities.

LOAN PRODUCT SERVICE PROVIDED

Meli Nne SACCOSS provides several financial products and services that target  individuals and group members.

The products are categorised into three groups.

1. Development loans

  • Business loan
  • Education loan
  • Treatment loan

2. Agricultural and livestock loans

  •  Commodities loan
  •  Food products loan
  •  Constructions loan

3. Emergency loan

  • Chap chap loan

 

Loan details:

The loan details below are applicable for any financial products requested for, by the applicants.

  • Operating costs: The Members will pay 8% of the loan amounts as operating cost. Four percent will be paid at the beginning and the remain will be included in the monthly loan payment.
  • Collateral: the member will submit immovable property certificate as a loan guarantee
  • Duration: Depending on the amount of loan requested for, the duration period will vary from 24 months to 36 months.
  • Repayment method: the repayment will be done on monthly basis.
  • Ceiling amount: the amount will be at least from TZS 3,000,000/- up to TZS 30,000,000/-

Criteria to qualify for a  loan
  • Must be an active member of Meli Nne SACCOS.
  • Must complete four months of savings
  • Must completed to Pay TZS 100,000/- stock
  • Must get two members of the Meli Nne SACCOS as guarantors
  • Must fill in the loan application form
  • Must state the reason for applying for the loan

Criteria for joining the SACCOS

The applicant will fill in the application form and submit it with

  • Copy of Zanzibar ID
  • Two passport size pictures
  • Letter from the Village leader (Sheha)
  • Application cost TZS 50,000.-
  • Stock TZS 100,000/-
  • Saving amount at least TZS 2,000/-

Contacts

MELI NNE SACCOSS
P.O.BOX 003, ZANZIBAR
MELI NNE
TEL: +255 774 624 418
Mob: +255 777 435248
Email: meli4saccos2005@gmail.com
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