Fahari Kilimo Current Account

Overview

A business account specifically designed for customers engaging in agri business related activities in rural communities under umbrellas of cooperatives, farmers associations, farmers groups.

Fahari Kilimo Current Account can now be applied throughSimBanking App.

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  • The account accommodates all agri-related  activities – registered and unrequested ventures
  • The account  can be operated in local currency only – TZS
  • No Initial opening balance
  • Min Operating Balance TZS 3,000/=
  • Zero monthly maintenance fees
  • Account earns interest on deposit for amounts above TZS 200,000/=

  • The account can be operated by any registered businesses in agri-value chain ventures;
  • Affordable to open and operate;
  • Convenience of making and receiving payments using CRDB Card, SimBanking and internet banking;
  • Affordable operating balance with no charges;
  • Attractive interest rates on savings;
  • Access to the CRDB Bank credit facilities tailored for agri business ventures.

  • Signatories must be 18 years and above with NIDA ID/VEO/WEO Letter. (VEO/WEO Letter ONLY in the absence of NIDA ID)
  • Members are not required to have a CRDB account with exception of signatories
  • Group resolution/Minutes of members meeting authorizing the opening of account and operating mandates (At least 3 signatories) for Groups
  • Group constitution
  • Business/Group/Association certificate of registration, OR introductory letter from a relevant authority such as Employer or government official
  • When opening FAO Accounts – there is no need for customers to provide 2 Passport size pictures.

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