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LENDING SOLUTIONS

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 grow.

Benefits

  •   Applicant can borrow from TZS 1,000,000.00 to a maximum of TZS 15,000,000.00
  •   It provides fund 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.

Eligibility

  •   Applicant must be at least 18 years of age
  •   At least 6 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 apply?

If you are interested in this product, please contact your nearest NMB branch by clicking HERE or email businessbanking@nmbtz.com or call (022-2161255)


SELL
  • USD: 2,287
  • GBP : 2,845
  • EUR : 2,404
  • JPY : 23
  • ZAR : 191
  • KES : 25
  • UGX: 0.7235
  • AUD: 1,766
  • CAD: 1,759
  • CHF: 2,265
  • CNY: 345
  • DKK: 340
  • NOK: 289
  • SEK: 272
BUY
  • USD: 2,167
  • GBP : 2,696
  • EUR : 2,278
  • JPY : 17
  • ZAR : 151
  • KES : 20
  • UGX: 0.5235
  • AUD: 1,666
  • CAD: 1,659
  • CHF: 2,165
  • CNY: 305
  • DKK: 300
  • NOK: 249
  • SEK: 232
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