Youth Empowerment Loans Mikopo ya Kuwawezesha Vijana
Loans for young entrepreneurs in Tanzania who are ready to start or grow a business.
Key facts
- Repayment
- Up to 6 months
- Processing
- 24 hours
- once we have all the required documents
- Paying early
- No extra charge
- settle your loan whenever you are ready
About this loan
For young people with a business, or a plan for one, who need money to get it going or take it further.
Who it is for
- Young people starting a business
- Young business owners who want to grow
What you can use it for
- Starting a business
- Stock and equipment
- Expanding an existing business
How applying works
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Step 1: Apply online or at a branch
Fill in the short online form, or visit any of our branches.
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Step 2: We call you
A loan officer talks through your loan and tells you which documents we need.
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Step 3: Your loan is processed
Within 24 hours once we have all the required documents.
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Step 4: You repay
On the schedule agreed with you before you sign. Paying early costs nothing extra.
Questions about Youth Empowerment Loans
How long do I have to repay?
Up to 6 months, on a schedule agreed with you before you sign.
How quickly will I get the money?
Most loans are processed within 24 hours once we have all the required documents. Your loan officer tells you which documents your loan needs when they call you.
Can I pay my loan off early?
Yes. Paying off your loan early costs nothing extra.
Kwa Kiswahili
Mikopo ya Kuwawezesha Vijana
Kwa vijana wenye biashara, au mpango wa biashara, wanaohitaji fedha kuianzisha au kuikuza: bidhaa, vifaa au upanuzi. Mkopo unarejeshwa ndani ya hadi miezi 6. Mkopo unashughulikiwa ndani ya saa 24 baada ya kupokea nyaraka zote zinazohitajika, na ukilipa mapema hakuna gharama ya ziada.
Start or grow your business
Young entrepreneurs can get funding to launch or expand a business, repaid over up to 6 months with no early settlement fees.
Photo by Ali Mkumbwa on Unsplash