Pamoja Loan: Empowering Small Businesses and Communities

The Pamoja Loan is at FINCA group-based lending product that caters primarily to small business owners and entrepreneurs who may not have access to traditional banking services. "Pamoja" means "together" in Swahili, reflecting the collective strength and solidarity that this loan product promotes among borrowers.

Key Features and Benefits

  • Group Lending Model
    Group of minimum 10 entrepreneurs. This model not only reduces the risk for the lender but also fosters a supportive environment among group members.

  • Accessible Loan Amounts
    Loan amounts range from Tshs/= 100,000 to TZS 5,000,000 and Individual loan Concentration cannot be more than 35% of entire group loan. The loan is accessible to a wide range of small business needs, from inventory purchase to equipment upgrades.

  • Flexible Repayment Terms
    Repayment terms are designed to align with the cash flow cycles of small businesses, with options for weekly, bi-weekly or monthly payments.

  • Capacity Building
    FINCA Tanzania provides financial literacy training and business development services to Pamoja Loan clients, equipping them with the skills needed to manage their finances effectively and grow their businesses.

  • Low Collateral Requirements
    The group guarantee model reduces the need for traditional collateral, making it easier for entrepreneurs with limited assets to access credit.

Grow Together with FINCA : Get Your Loan!

Curious about our other Group loan products: Go to Bajaj loans and Sokoni loan to know more!