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Mwanga Hakika Microfinance Bank LimitedMwanga Hakika Microfinance Bank LimitedMwanga Hakika Microfinance Bank Limited
+255 747 666 511
Mwanga Hakika Microfinance Bank LimitedMwanga Hakika Microfinance Bank LimitedMwanga Hakika Microfinance Bank Limited
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Microfinance

Credit

  • Group loans (Solidarity loans)

This account is to enable a member of unregistered group get access with the loan facility. He/ she must be a member of the small group of five members formed with the guidance.

Need to maintain a savings account with MHB with a compulsory amount equivalent to a minimum of 20% of the loan being requested.

Features:
  • Loans are for existing businesses and not for startups with regular cash flows
  • Must attend pre-loans training to be conducted by MHB officers
  • Must have attained majority age i.e 18 years old
  • Must be a resident in a community where group lending is operational
  • Should be willing to attend weekly/monthly meetings as required by MHB without fail
Min. loan amount (TZS):
  • 50,000/=
Max. loan amount (TZS):
  • 2 Million (4 levels)
Loan tenure (TZS):
  • 3 – 12 Months
  • Solidarity Premium Loans

This account enable a member of unregistered group get access with the loan facility and one of the eligibility must have graduated from basic solidarity loans of up 2.0 million.

Features:
  • Loans are for existing businesses and not for startups with regular cash flows
  • Must attend pre-loans training to be conducted by MHB officers
  • Must have attained majority age i.e 18 years old
  • Must be a resident in a community where group lending is operational
  • Should be willing to attend weekly/monthly meetings as required by MHB without fail
Min. loan amount (TZS):
  • Above 2 Million
Max. loan amount (TZS):
  • 3 Million
Loan tenure (TZS):
  • 12 Months
  • Wekeza Group (VSLA Loans)
Account designed for groups to easily get access with loans, maintaining a savings account with MHB with a compulsory amount equivalent to a minimum of 20% of the loan being requested.
Features:
  • VSLA Group must maintain account with MHB
  • Must be registered by CDO
  • Must have share registration certificate
  • The group must have 3 leaders: Chairman, Secretary and Treasury
Benefits:
  • Get access to over our MHB branches
  • Customer money is safe and secured
  • Reasonable Bank charges and yet affordable
  • Enjoy unlimited Transactions with signatories
  • Free cash and on us cheque deposit
Min. loan amount (TZS):
  • N/A
Max. loan amount (TZS):
  • Loan Amount will depend on the value of shares of the group as well as last amount graduated with
Loan tenure (TZS):
  • 12 Months