Savings
Features:
- Individual Solidarity group members
- Compulsory deposit of TZS. 5000/- to 10,000/- per fortnightly
- Used as the collateral for microfinance loans
- Minimum balance is zero
- No ledger fee
- Cash withdraw TZS. 2,000/- per withdraw
- Limited to the end of the loan cycle.
Features:
- This is for group of VSLAs/VICOBA.
- Operated by three to four signatory.
- Should be operated by Cheque [ local cheque leaf]
- Opening Balance 20,000/- (Including fee for 2 identity Cards)
- Minimum Balance is TZS. 10,000/- without cheque book
- Cheque book leaf book 10,000/-
- Be used as the collateral for the loans.
- No limit on withdraw
- Withdraw fee TZS. 2000/-
- No ledger fee
- Cannot be able to withdraw at ATM or Mobile banking
Features:
- Free monthly ledger fee
- Connected to MCBL Mobile banking free of charge excluding transaction fee
- ATM Card 10,000/-
- Withdrawal fee 2000/-
- Operated by Individual members
- No opening cost
- Minimum balance of TZS. 10,000/-