KCBL Bank - Kilimanjaro Cooperative Bank
Internet Banking

Uwezeshaji loan

These loans are offered for 12-24 months, and guaranteed by Government to finance individual and economic groups who have no access to conventional financial institutions, for undertaking economic activities.

Conditions and Requirements for Uwezeshaji Loans:

  • •    The customer/Group must have an account with KCBL e.g. savings account,
    •    Application Letter through Village Executive Officer/Ward Executive Officer/District Community Development Officer.
    •    Minutes of Group Resolution to borrow money
    •    An Applicant must come from SIHA District
    •    An Applicant must present a Simple Business Plan.

General requirements to obtain a credit facility

  • A KCBL customer who has a desire to apply for a loan in the institution must fulfill the below requirements before writing application letter.
    •    Must have at least 3months well serviced saving account according to his or her business operations.
    •    Must have a continued/existing registered business/economic project.
    •    Must have a collateral (registered immovable property /house with deed) to secure his/her loan.
    •    Must have good history in other Financial Institutions.
    •    Visit to his /her business site and collateral.

    Coupled with the above requirements later the client will need to submit the  following documents:
    •    Audited accounts of his business
    •    Valid insurance for his/her collateral /property.
    •    Land rent for his/her collateral
    •    Fill the Spouse/Owner’s Consent form
    •    Register his /her collateral in favor of  KCBL.

    Without delay ,a client will get the loan as soon as possible after he/she completed the above requirements and documentation.

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