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Impact Microfinance offers you the option to grow dream and establish yourself in life while contributing towards the growth of the country’s economy. We offer loan for your Business/ Agricultural Endeavours/ Cashflow/ Informal Financial Groups as well as Start up Loans for Youth etc. so that you can invest in your future and country’s growth. All our loan products are simple and customised to the needs of each customer.
YOUTH LOAN
Youths are the future of country. We always ensure that youth gets the best opportunities and facilities so that they can become self-sufficient. Get a loan up to TZS 50M to start a new journey towards success. If you are a youth and planning to start your own small business then we can help you with the loan you are looking for. We also support youths who have completed their vocational training and ready to open a new business.
This Youth Loan can be accessed as an Individual or you can apply as a group.
Loan Repayment duration is up to 2 years from the date of loan approval.
Please note: We give special priority to those projects which have the possibilities as well as assurance of job creation.
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Eligibility
- Tanzanianaged 18 + with business or idea
- Valid ID preferably NIDA
- Have professional skills(for startup loan)
- Have a business plan, validated by an independent person(for startup loan)
- For those with idea must be completed at least vocational training(for startup loan)
- For group: all theaboveandexisitingforatleast6months
IFG LOAN
Come out of your concerns, time to avail your working capital for your small businesses. We help SME with a group loan up to TZS 50M, especially designed for members of VICOBA, VSLA, SACCOS, Kuzikana etc. Impact Microfinance ensures that your endeavours never hits any hurdle due to shortage of fund. Your small business will get the support from Impact Microfinance because we understand your goals and combined efforts.
Loan Repayment duration is up to 1 year.
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Eligibility
- Group in exisiting for at least 6 months
- Group or its members engaged on income generating activity
- Group members should be 18 years and citizen of the United Republic of Tanzania or have all the legal documents which grants legal residency.
- The groups would be registered by the local authority or under the umburelaorganization.
AGRICULTURAL LOAN
Impact Microfinance offers loan to people who are closely knitted with Agriculture. We offer a loan of up to TZS 50M specifically designed for
farmers and for those people who fall within the agricultural value chain
You can apply for this loan as an individual or as a group of farmers.
Loan Repayment duration is up to 1 year.
Estimate your rate and payment >> Loan Calculator
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Eligibility
- Must be a Tanzaniancitizenaged 18+
- Must have at least two year so experience on the same crops during laon application.
- Must have at least 2 acres agriculture land and beable to produce a document of landownership/lease aggreement
- Group orits members engaged on income generating activity
- Must have other source of regular income other than farming
CASHFLOW LOAN
One cannot predict sudden needs or avoid emergency situations. We offer a short-term loan up to TZS 1M specially customized for low income group people who are either employed or own small business. This particular loan is aim to solve emergency situations like house rent, medical expenses etc.
Loan Repayment duration is up to 30 days..
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Eligibility
- Tanzanian aged 18 +
- Valid NIDA ID
- Proof of regular income (salary /business)
ENERGY LOAN
We take care of people who are coming from a low income group. Our Energy Loan designed for low income people who can apply for a loan amount upto TZS 100,000 for utility bills and a loan amount up to TZS 3,000,000 for those who want to purchase or lease clean electricity systems and products.
Estimate your rate and payment >> Loan Calculator
Ready to apply? Apply Now
Eligibility
- Tanzanian aged 18 +
- Valid ID preferably NIDA
- House owned or have a lease contract in the borrower’s name