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Al - Barakah Kilimo Fahari Current Account

Overview

An account specifically designed to support the growth of financial services to rural communities targeting cooperatives, farmers associations, farmers groups.

 Underlying Contract is Qardh.

 Minimum account operating balance of TZS 3,000

 Waiver of account opening balances

 Shariah Compliant i.e. funds are not channeled into impermissible activities.

 Waiver of account opening balances

 Signatories must be 18 years and above

 Signatories must provide Legal ID and 2 Passport size photos each

 Members including signatories are not necessarily required to have CRDB account

 Group resolution/Minutes of members meeting authorizing opening of account and operating mandates (At least 3 signatories)

 Group constitution

 Certificate of registration/Recognition from local government authorities

 Low risk individual customers and customers using NIDA ID are not supposed to provide introduction letter from VEO/WEO

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