menu

Media Elements

Products

LANGUAGE:

VisionFund Tanzania Products are designed to serve clients' needs and unlock the economic potential for communities to thrive, creating brighter futures for children.    

 

VisionFund Tanzania Services are designed to help clients access their account 24/7 through their mobile and have the ability to transfer funds from their account to a mobile wallet from any location.    

 

Please click though the drop-down menus below to find out more about our products and services.  

VFT Loans

1. BUSINESS LOAN (BIASHARA LOAN)

This is a group loan for the purpose of doing business to generate regular income that comes monthly, weekly or daily. The purpose of this product is to serve low income earners who have very little or no value collateral.

 

Main features

 

  • Minimum loan amount Tshs. 50,000/= to Tshs. 400,000/=
  • Maximum loan amount of up to Tshs. 5,000,000
  • Collateral is managed by the group
  • No charged fee
  • Repayments are done once every month
  • Interest charged at competitive rate

 

 

Basic Requirements

 

  • The group should be 6 to 25 members or more
  • Must know other members of the group very well
  • Must come from the same area
  • Must not involve family members in the group
  • Must be a Tanzanian

 

 

2. CAPITAL LOAN (JIENDELEZE LOAN)

This is a group loan for the purpose of serving clients whose income level is more than the "Business Loan" borrowers, but they still do not have good collateral for their loans.

 

Main Features

 

  • Minimum loan amount Tshs. 500,000/= to Tshs. 700,000/=
  • Maximum loan amount of up to Tshs. 5,000,000/=
  • No charged fee
  • Repayments are done monthly
  • Interest charged at competitive rate

 

 

Basic Requirements

 

  • The group should be 3 to 5 members
  • Must know other members of the group very well
  • Must come from the same area
  • Must not involve family members in the group
  • Must be a Tanzanian

 

3. INDIVIDUAL LOAN (KITITA LOAN)

This is an individual loan that is intended to finance borrowers who have more established small or medium businesses. Potential borrowers can include those who are from group products.

 

Main Features

 

  • Minimum loan amount Tshs. 1,000,000/= to Tshs. 2,000,000/=
  • Maximum loan amount of up to Tshs. 10,000,000/=
  • No charged fee
  • Repayments are done after 6 months or 1 year
  • Interest charged at competitive rate

 

 

Basic Requirements

  • A VFT mature client OR new client with a good character
  • Must have an external guarantor
  • Must have a verifiable business
  • Must have an affidavit on the pledged collaterals

 

 

4. AGRICULTURE LOAN (MKOMBOZI LOAN)

This is a group loan that is specifically designed for smallholder farmers.

 

Main Features

  • Minimum loan amount Tshs. 100,000/= to 250,000/=
  • Maximum loan amount of up to Tshs. 3,000,000/=
  • No charged fee
  • Repayments are done maturity
  • Interest charged at competitive rate

 

 

Basic Requirements

  • The group should be 6 to 30 members or more
  • Must know other members of the group very well
  • Must come from the same area
  • Must not involve family members in the group
  • Must be a Tanzanian

VFT Services

CASHLESS MOBILE BANKING

VisionFund Tanzania uses the mobile banking system known as ‘VFT Vap,” the fastest means for receiving and repaying your loan. This is a new technology that operates to provide financial services at a lower cost. With VFT Vap, clients are able to receive loans, pay back loans and save through their registered mobile number.

 

Benefits of VFT Vap

  • Client is able to access his/her balance information with their mobile anywhere there is a mobile signal
  • Clients are able to take out loans, pay back loans and save without travelling to the VFT branch that might be far from their home
  • Reduces security risks and time commitment
  • Increased outreach to the rural population

 

 

TABLETS SERVICES

VFT has also developed a tablet-based solution that will make the internal processes, including the loan and savings account application processes, paperless. The system also GPS marks and biometrically tags all clients and internal transactions to reduce opportunities for fraud.