SME Loan

Overview

SME loans are customised products to enable Small and Medium Enterprises to meet their Working and Investment Capital needs. The loan facility is designed to boost the Entrepreneur’s initiatives after starting and sustaining in business.

These are loans to small and medium enterprises to support viable businesses and investment related activities. The credit need is assessed based on the size, nature and viability of the enterprise to be financed.

Features

Benefits

  • Applicants can borrow from TZS 50,000,000 to a maximum of TZS 3,000,000,000.0
  • It provides funds for working capital and investment needs.
  • Flexibility in repayments ranging from 6 months to 60 months depending on the credit purpose, purpose and anticipated cash flows.
  • Competitive interest rates.
  • Advisory services to borrowers on business skills and management
  • Flexible and appropriate instalment terms matching with nature of businesses cash flows.

Requirements

  • Applicants must be at least 18 years of age
  • At least three years’ experience in operating same or similar business.
  • Business must have a steady cash flow
  • Applicants must have a premise (owned or rented)
  • The borrower must have business license/permit 
  • Applicants must open or have CRDB BIDII Account

The Overdraft Facility gives entrepreneurs financial flexibility to allow businesses to meet working capital needs. Through overdraft facility businesses can overdraw account hence, provide additional access to meet working capital needs.

Features

Benefits

Requirements

  • Applicants must be at least 18 years of age
  • At least three years’ experience operating the same or a similar business
  • The business must have a steady cash flow
  • Applicants must operate business in permanent premise (owned or rented)
  • The borrower must have applicable business license/permit 
  • Applicants must open or have a CRDB Business Account –BIDII Account.

Short-term transaction based loan used to improve customer’s business working capital and cash flow prior for the fulfillment of a local purchase order. POF allows a business to borrow funds against a purchase order or sales contract from its local buyer(

Features

Benefits

  • Loan amount up to 85% of supplier’s tax invoice value
  • Maximum loan is TZS 2 billion or USD equivalent
  • Loans be issued on TZS or USD (depending on the repayment sources)
  • The loan tenor is 30 to 180 days (Depending on the terms of LPO or Sales Contracts)
  • Competitive interest rates and affordable terms.

Requirements

  • Customer with good track records in account conduct and credit history
  • Previous successfully executed purchase orders or contracts from reputable Buyer/Client
  • Acceptable LPO/Contracts are those from reputable organisations with history of settling their obligations within acceptable timeline
  • LPO/contracts with payment terms below 180 days
  • Applicants must open or have a CRDB Business Account –BIDII Account

IDF allows SME business to borrow funds against confirmed unpaid invoices raised either after partial or complete implementation of contract that will be paid by employer or Client in the near future as per prescribed time, terms and conditions in the i

Features

Benefits

  • Discounting up to  75% of supplier’s tax invoice value excluding tax
  • Maximum loan is TZS 2 billion or USD equivalent
  • Loans be issued on TZS or USD (depending on the repayment sources)
  • The loan tenor is 30 to 90 days (Depending on the terms of certificate raised and LPO or Sales Contracts)
  • Competitive interest rates and affordable terms

Requirements

  • Customers with good track records in Account conduct and credit history
  • Customer with previous successfully executed invoice discount contracts from reputable Buyer/Client
  • Acceptable invoices are those from reputable organisations with history of settling their obligations within acceptable timeline
  • Invoices with outstanding payments below 60 days
  • Applicants must open or have a CRDB Business Account –BIDII Account.

CDF allows SME customers to borrow funds against unpaid Certificates raised either after partial or completion of construction/implementation of project whereby payment will be paid by employer within prescribed time, terms and conditions as per con

Features

Benefits

  • Loan amount up to 75% of supplier’s tax invoice value.
  • Maximum loan is TZS 2 Billion or USD equivalent.
  • Loans be issued on TZS or USD (depending on the repayment sources).
  • The loan tenor is 30 to 90 days (Depending on the terms of LPO or Sales Contracts).
  • Competitive interest rates and affordable terms.

Requirements

  • Customer with good records in account conduct and credit history
  • Previous successfully executed Certificate Discount or contracts from reputable Employer
  • Acceptable certificate are those issued to reputable organisations with history of settling their obligations within acceptable timeline
  • Certificate with outstanding payments below 60 days
  • Applicants must open or have a CRDB Business Account –BIDII Account.

These are loans to finance investments in specific generating assets. The financed assets are registered in joint names with the bank and repayment is amortized over a fixed period that is agreed in advance by the parties.

Features

Benefits

  • Loan amount up to TZS 3 billion or USD equivalent
  • Competitive interest rates and affordable terms
  • Granted grace period up to six months
  • Offers option to raise capital through acquisition of working asset with optimal resource allocations
  • Matched Maturity as structuring of repayment is done such that loan term is within asset recommended useful life. 
  • Insurance premium financing for the asset financed.

Requirements

  • Customers with established businesses
  • Willing to contribute to the cost of asset acquisition as required
  • Applicants must open or have a CRDB Business Account –BIDII,HODARI or FAHARI kilimo Account.

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