Microloans are invaluable to businesses and it’s important to understand how they work.

Many people in Tanzania have been able to successfully use Tujijenge microloans to change their lives for the better. At Tujijenge we want customers to feel comfortable about how a microloan works. It’s important to understand the implications involved, because this will bring you a step closer to being empowered and making informed decisions.

Essentially, microloans are credit facilities given to people who may not have ready access to conventional loans. Micro lending was initially developed as a more honest alternative to loan sharks who were notorious for taking advantage of their borrowers. The benefits of microloans can outweigh any drawbacks, and, when used carefully, a microloan can change lives.

Put simply, you apply to us for a loan amount repayable over a specified period, we verify your identity and your ability to repay the loan, we advance you the loan, you make regular payments until the loan is repaid. It’s as simple as that.

With continued commitment to making loan repayments promptly, you will build up a credit history with us, and in time your credit history will look better. Once you repay a loan on time and in full, you may be eligible for more significant amounts, often at better terms, in the future.