PERSONAL BANKING
MICRO LOANS
Individual Micro Loans are small loans to Micro and Small Entrepreneurs on individual basis to provide financial support for the expansion of small sustainable businesses.
The objective is to enable micro and small business owners to meet financial requirements for their business operations.
Benefits
- It provides fund for working capital and business expansion
- Easy to obtain the loans within our existing wide network of branches all over the country
- Loans can be utilized for any business purpose provided it is operated legally
- Competitive interest rates
- Low lending charges
- Availability of capacity building programmes to micro and small business owners on how to utilize their loans effectively and operates their businesses efficiently
- Appropriate repayment in line with the borrower’s repayment capacity
Group Loan is targeted to low income earners who are not having a traditional registered collateral properties.
The security is purely based on group guarantee a certain pre-disbursement cash deposit of a certain amount by each group member. The loan helps those who are the informal sector to access our credit facilities easily.
Benefits
- The loans helps members of viable SACCOS and VICOBA to improve performance of their businesses
- Tangible security property is not required
- Low interest rate and there are lending charges
- Longer loan tenure that enable borrowers pay their loans smoothly
- Promotes speedy growth of SACCOS, VICOBA and other economic groups in the country
- Accelerates self employment in the country thus, a reduction of poverty in the country
- Enables beneficiaries access loan facilities with favourable terms and conditions
Loans Issued under the National Economic Empowerment Council (NEEC)
These loans aim at empowering the majority poor Tanzanians living in the rural and urban areas of the country and creating self employment opportunities.
The loans are issued on risk sharing arrangement between TPB Bank and NEEC
Benefits
- The loans helps members of viable SACCOS and VICOBA to improve performance of their businesses
- Tangible security property is not required
- Low interest rate and there are lending charges
- Longer loan tenure that enable borrowers pay their loans smoothly
- Promotes speedy growth of SACCOS, VICOBA and other economic groups in the country
- Accelerates self employment in the country thus, a reduction of poverty in the country
- Enables beneficiaries access loan facilities with favourable terms and conditions
