About Exim Bank (Tanzania)
Exim Bank Tanzania Ltd, an indigenous Tanzanian Bank ranking 5th in the country in terms of total assets, has announced a financial closure of TZS 75 Billion to finance and support long-term lending to small and medium size enterprises (SMEs) in Tanzania.
The loan is meant to cover the lending gap to SMEs in Tanzania which is estimated at approximately 3 million enterprises, with research indicating a large majority of these are family owned micro enterprises (employing less than 5 people), and located mainly in small cities and rural areas.
Although data on the Micro, Small and Medium Enterprises (MSMEs) is minimal, indication shows that the SME sector wields an important role in the economy. Many SMEs cannot get access to financial services, while a negligible percentage rely on financial services from non-bank financial institutions such as mobile phone money transfer services which is quite expensive.
According to Exim Bank Deputy CEO, Mr. Jaffari Matundu “This is also in line with His Excellency, President of Tanzania, Dr. John Pombe Magufuli’s vision to transform Tanzania into an industrialized economy. SMEs are considered to be engines of growth in any economy and any industrialized economy should have large number of SMEs engaged in incidental and ancillary units to support large corporates / projects in the country. The massive projects in infrastructure sector will require enough local units to support backward linkages and supply services for successful completion of these mega projects. The loan has been accepted as a Senior Unsecured loan of TZS 75 billion from FMO and this is part of the bank’s strategy to support SMEs thereby generating employment and reducing poverty in the country. “
“FMO is extremely pleased to continue and intensify our relationship with Exim Bank through this new loan facility. Supporting local enterprises through trusted partners like Exim Bank is core to FMO’s mission”, Linda Broekhuizen, Chief Investment Officer.
The loan is also a testimony of Exim Bank’s trust and goodwill that the international development financial institutions place upon it. Exim Bank has a relationship with all renowned DFIs viz. IFC, EIB, PROPARCO and further this second loan with FMO has been a new feather in cap (honor). Exim Bank will be immediately drawing TZS 23 Billion and the balance over a period of next 17 months.
EXIM Bank is the first Tanzanian Bank to set foot print abroad and go international with now presence in 3 countries Comoros, Djibouti and Uganda. The Bank has been awarded ‘Best Retail Bank in Tanzania by ‘Banker Africa’ for 2016 awarded in May’17 and Best Employer in HR Governance and Employee Engagement in Tanzania for the year 2016 by Tanzania Association of Employers. The Total Asset and Shareholders Fund as on 31st December 2017 is at TZS 1.6 Trillion and TZS 231 Billion respectively.
EXIM BANK TANZANIA
Exim Bank (Tanzania) Ltd is one of the local indigenous banks in Tanzania since August 1997. The bank ranks 5th in the country in terms of total assets as on 31st Dec 2016. It is the first bank in Tanzania to have established banking footprint overseas – Union of Comoros (2007), Republic of Djibouti (2011) and Republic of Uganda (2015). The bank has a total of 45 branches (including subsidiaries) at strategic locations across Tanzania and catering to more than 300,000 customers.
FMO
FMO is the Dutch development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development, and has a more than 45-year proven track-record of empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With a committed portfolio of EUR 9.2 billion spanning over 90 countries, FMO is one of the larger bilateral private sector developments banks globally.
Exim Bank (Tanzania) Loan
Exim Bank (Tanzania) lends property and cash loans at the rate you need, there are loans for entrepreneurs and small business owners who need to grow their businesses and capital according to their income. Exim Bank (Tanzania) gives you the opportunity for a businessman & entrepreneur to borrow the amount of money you need. they also offer property and cash loans to government employees and companies click here so you can check the methods and criteria for getting a loan.
Nufaika Personal Loan
Eligibility
- Existing customers with a good record for at least 3 months
- Employees from reputed corporates with at least 1 year of service
- Three years of work experience overall
- Age Group: 21-58 years
- Minimum Income: TSH 200,000 (net monthly)
Features & Advantages
- Minimum arrangement fees
- Minimum documentation and paper work
- Most competitive interest rates in the market
- Loan amounts from TSH 1 million to 15 million
- Equates to 10 times the net take home pay
- Instalments under 40% of the monthly net take home pay
- Loan repayable in fixed monthly instalments
- Instalment payable from a period of 6 to 24 months
- Monthly instalment can be deducted from salary account
- Re-borrowing enabled after one year upon closure of existing loan
Vehicle Loan
Thanks to our partnership with Hyundai, we can finance up to 80% of the cost of the vehicle from Hyundai.
| Vehicle Loan | |
| Minimum Tenure | 6 months |
| Maximum Tenure | 36 months |
| DSR | 40% |
| LTV | 80% |
Nyumba Yangu Loan
Features & Benefits
- Minimum loan amount of TSH 30,000,000
- Maximum loan amount of TSH 500,000,000
- Maximum loan repayment period of 180 months
- Loans are sanctioned in the fastest possible time frame
- Loans can be taken over also for beneficial terms and conditions
- No hidden charges
Requirements
- Applicants should be between 21 and 58 years of age
- In case of insufficient net income, joint income with applicant’s spouse consent is permissible
- The property and life of the applicant must be insured
- Property valuation has to be done by Exim Bank approved valuers
- Loan is available to salaried employees and business persons
How to apply
- You could also drop your enquiry via email to customercare@eximbank.co.tz or call 0800 780 111
Exim Bank (Tanzania) Address, Location and Contact Details
Exim Bank (T) Ltd.
- P.O.Box 1431, Dar es Salaam, Tanzania
- Email: customercare@eximbank.co.tz
- Toll free number: 0800780111.
Job Vacancies, career and Internships at Exim Bank (Tanzania)
NMB uses creative recruitment practices that ensure all applicants are carefully evaluated. Exim Bank (Tanzania) Job vacancies are normally advertised through the Official Exim Bank (Tanzania) Tanzania career website page which can be accessed through this link – https://www.eximbank.co.tz/About-Us/Careers
Find and apply for jobs advertised by Exim Bank (Tanzania) by browsing the links listed below:
Exim Bank (Tanzania) useful links
- Exim Bank (Tanzania) website: https://www.eximbank.co.tz/
- Exim Bank (Tanzania) job vacancies – careers page: https://www.eximbank.co.tz/About-Us/Careers
- Exim Bank (Tanzania) Loan: https://www.eximbank.co.tz/Borrowing
