Financing offered to businesses that are already in operation to support their business needs such as business expansion and asset acquisition.
Minimum loan amount – TZS 10 million
Tenor – up to 18 months (short term); up to 36 months (medium term); up to 60 months (long term)
Turnover of not less than 5 times of requested amount
Collateral – legal mortgage (preferably), cash cover, corporate guarantee (for very structured companies)
Open an account at BANK OF AFRICA
- Enables the customer meets his/her cash flow needs
- Ensures that the customer will have cash available at all times