Micro and Small Enterprises (MSE) Loans

These are small loans to Micro and Small Entrepreneurs to expand small and sustainable business. The objective is to assist micro and small business owners to get their business off the ground.

Benefits of Micro and Small Enterprises (MSE) Loans

Applicant can borrow from TZS 50,000 to a maximum of TZS 5,000,000
It provides seed money for working capital and business expansion
Easy to obtain from our existing largest network of branches all over the country
Loans can be used for any business purpose provided it is official and licensed business
Low and competitive interest rates
The bank provides knowledge to micro and small business owners on how to operate loans
Repayment period is up to 24 months to accommodate the pressures and needs of micro and small entrepreneurs inline with their cash flows

Micro and small business owners can graduate from micro loans and qualify for bigger loans within our network of branches.

Eligibility for Micro and Small Enterprises (MSE) Loans

Applicant must be at least 18 years of age
At least 12 months experience in the same business.
The business must be located within the target area covered by respective NMB branches.
Business must have a steady cash flow.
Applicant must have proper recording system and also shows the capability of operating business profitably
Applicant must have a premise (owned or rented).
The borrower must have business license/permit from local authorities in his or her own name
Applicant must have good reputation in the community
Applicant must open or have a business or personal account with NMB

Where to buy?

If you are interested in this product, please contact your nearest NMB branch. You can use the branch finder on website to find the one closest you

Where to buy?

If you are interested in this product, please contact your nearest NMB branch. You can use the branch finder on this website to find the one closest to you