NMB Juhudi loan scheme is an SME loan scheme directed to clients/members of partner organisations to expand small and sustainable business. Beneficiaries of this scheme must be a member of partner organizations (i.e. the Business Development Gateway (BDG), Small Industries Development Organization (SIDO), Enablis Tanzania Limited and other partners to come on board). These partner organizations support entrepreneurs with business skills development, business plan writing, business management skills, financial management, business registration and facilitate After Care Services.

Benefits of NMB Juhudi Loan Scheme

• Applicant can borrow from TZS 5,000,000 to a maximum of TZS 500,000,000
• Business skills training provided  jointly by the Bank and partner organizations
• The sums borrowed can be used as working capital and capital expansion.
• Access to guarantee schemes being provided by partner organizations to facilitate collateral.
• Easy to obtain from our existing 136 branches with increasing branch network all over the country.
• Reduced interest rates and loan installments are payable in equal monthly installment at any NMB branch.
• Less documentation in loan processing.
• If all documents are provided; loan is approved within a period of 14 days
• Grace period of up to six (6) months for investment projects

Eligibility for NMB Juhudi loans Scheme

• The applicant must be at least 18 years of age
• The applicant must be a member of a partner organization
• Certificate awarded from the partner organization
• The applicant must have business experience
• The business must be located within the target areas covered by the respective NMB branch
• The business must have a steady cash flow
• The applicant must have a business license for the business
• The applicant being the owner of the business must be proficient in what she/he does