Malkia Proposition
Overview
CRDB Malkia proposition is a package of existing bank products and services bundled together and tailored at enhancing women access to finance and non-financial services. The proposition offers competitive financial solutions to women in order to enhance the onboarding of women to the Bank.
Women are incredible financial managers. They can manage businesses better when empowered. Malkia Proposition specifically targets female entrepreneurs and professional women to assist them to build sustainable businesses and careers by providing them conception interest rates, effortless requirements, and trouble-free Terms and Conditions.
CRDB Malkia proposition is a package of existing bank products and services bundled together and tailored at enhancing women access to finance and non-financial services. The proposition offers competitive financial solutions to women in order to enhance the onboarding of women to the Bank.
Women are incredible financial managers. They can manage businesses better when empowered. Malkia Proposition specifically targets female entrepreneurs and professional women to assist them to build sustainable businesses and careers by providing them conception interest rates, effortless requirements, and trouble-free Terms and Conditions.
1. MSE Malkia
- Caters for both registered and unregistered business;
- The loan type includes working capital, investment loan, and asset financing;
- The loan amount is up to TZS. 50Million;
- Competitive and affordable interest rate of 14%;
- Repayment period of up to 24 months
- Flexible collateral requirements;
- No application fee required
- Minimum six (6) months business experience
- Term loan
2. SME Malkia
- Caters for registered business;
- Loan type including working capital, investment loan, and asset financing.
- Loan amount from Above TZS. 50Million up to TZS.3 Billion;
- The competitive and affordable interest rate of 14% for loans up to TZS. 100Million and 17% for loan amount above TZS.100 Million;
- Repayment period of up to 60 months depending on the loan type
- Flexible collateral requirements;
- No application fee is required;
3. Retail Agribusiness
- Caters for both registered and unregistered business;
- Loan type includes working capital, investment loan, and asset financing;
- Loan amount of up to TZS. 200- 3BLN BN;
- The competitive and affordable interest rate of 14% for loans up to TZS. 100Mn and 17% for loan amount above TZS.100Mn both on reducing basis;
- Repayment period of up to 60 months depending on loan type;
- Flexible collateral requirements;
- No application fee is required;
- Minimum six (6) months business experience;
- Flexible loan repayment schedule according to business needs.
Who are eligible borrowers?
- Women with registered or unregistered business
- The borrower must be a woman age 18 to 70 years
- Must have an existing business for at least for 6 Months
- Must own business at least by 50% or more
- Must be active in business not merely having a share
What are the required business documents?
- Registered
- Business License
- Tin Certificate
- Unregistered
- Machinga ID
- Soko letter
- Local business permits
FAQs
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