Savings

Customers are encouraged to have savings, with some loans including compulsory savings

Tujijenge Tanzania encourages customers to save before and after receiving a loan. Some loans require compulsory savings , the amount a borrower must save before receiving a loan, and this may be savings of 20% of the loan amount expected to be borrowed.

Not all loans require compulsory savings and in this situation, with voluntary savings, borrowers may deposit any amount of money during the loan term and can withdraw the money according to their needs.

As we do not take deposits, customerr’s savings are put in a commercial bank.