MSE Loans
Overview
These are small ticket facilities issued to formal and informal micro and small enterprises with target to grow and expand small and sustainable business.
These are small ticket facilities issued to formal and informal micro and small enterprises with target to grow and expand small and sustainable business.
- Applicants can borrow from TZS 500,000 to a maximum of TZS 50,000,000;
- It provides funds for working capital and micro investment needs;
- Competitive interest rates and affordable terms;
- The bank provides advisory services to borrowers;
- Borrowing can be secured against traditional or nontraditional securities;
- Repayment period is up to 24 months to accommodate the pressures and needs of micro and small entrepreneurs in line with their cash flow
- Applicants must be at least 18 years of age;
- At least 6 months experience in the same business;
- Must be located within the vicinity of CRDB branch;
- Must have a steady cash flow;
- Applicants must have a premise owned or rented.
- Applicants must open or have a business account - HODARI Account.
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