Loan Products

Women Entrepreneur Loan

Loans extended to Women in entrepreneurial activities organized in groups or as individual with intent to finance working capital to entrepreneurs whose access to financial services is limited due to unfriendly terms and conditions in conventional banks. Repayment frequency is monthly.

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Usafiri Loan
usafiri

Loan targeting self employed youth and adult (in groups or individuals) engaging in Boda Boda, Kirikuu, Bajaji, Tax driver, Dala Dala, e.t.c in Arusha and the nearby regions.

Group members should be active under the principle of co-guarantee to apply for Usafiri Loan and repay on monthly installments within an agreed period of time.

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School Fees loan

school-loan

School fee loan designed to assist parents/guardian to pay school fees for their children at their convenient time at all levels of learning. We are committed to ensuring children learn as they have confidence but also School Owners have assurance of cash inflow right through the year.

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School Improvement loan

A product designed to provide financial support to owners/proprietors dealing with provision of education services.  The motive is to assist school owners to: refurbish /renovate the existing hostel/classrooms, building of new classroom & hostel and purchases of new furniture and fittings e.g. beds, tables, chairs, AC, teaching kits set etc.

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SACCOS

Loans extended to SACCOs which target to benefits SACCOs members at a very affordable and competitive interest rate.

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Salary Loan

Loans extended to Government employees, private institutions and NGOs employees working under unspecified/ permanent or contractual terms.

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Advance Salary Loan

Loan designed to support our customers whose salaries/wages paid on monthly basis but during mid-month they need short term loan to subsidize other personal/family obligations. Maximum repayment term is 3 months.

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Emergency/Dharura

Loans extended to Hakika customers’ encountering an emergence or have secured business opportunity but they are short of working capital. Therefore emergency loan will quickly assist to revamp and repositioning the business into operation or taping into that opportunity.

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Mshikamano Group Loan

Mshikamano loan target small and medium entrepreneurs organized in groups of 5 people. The objective is to extend fairly priced loans and to provide a convenience and accessible financial services to under banked community. 

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VICOBA Group Loan

Loans extended to VICOBA/VSLA, member must be of the same locality. The maximum loan the group can guarantee to single borrower is 3million. If a member from the group wants to borrow amount exceeding set limit, that person is required to apply individual loan where as she /he will guarantee him/herself.

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LPO Loan

Special product designed to allow suppliers to raise funds against LPO received from the buyer to enable smooth delivery of contracted services effectively but on time. Supplier should submit original LPO for loan process.

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Agri-business Loan

Agribusiness Loan aim to improve fresh vegetable growers and commercial farming in urban & remote locality. Our target is to finance: inputs supplies (fertilizers, strings, seeds, chemicals, equipments e.g. water pumps, cold rooms, etc.

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