Below is a list of loans offered by CRDB Bank Tanzania, how to open account and account opening requirements:

CRDB Bank Loans

Personal Loan

Features

6 great reasons to apply for our Personal Loans

• Loan acquired in one day allowing you to take advantage of opportunities as they come
• Freedom to choose interest rate between 13% – 16% calculated on reducing balance
• Long repayment period up to 9 years     
• No collateral required
• Top up available whenever you want
• Loan attached with life insurance cover
• Allows transfer of loans from other banks and HESLB

Benefits

Terms of our Personal Loans

• The minimum amount is TZS. 1,500,000 and the maximum amount is TZS. 200,000,000
• Subject to completion of all requirements, the loan shall be granted within 48 hours of working days.
• The interest rate is from 13% p.a.
• Other fees include a loan facility fee of 1.25% of the loan amount and insurance Fees 0.75% of the loan amount.
• The maximum loan duration is 108 months. Other terms and conditions apply.
• You can top up the loan and borrow as many times as needed within your credit ratio
• Early payment is allowed by the customer once the customer notifies the bank through writing.
• Application for personal loans are done at branches or CRDB Wakala

Eligibility & Requirements

To apply, you need..

• To be an employee of the Government or selected private institutions aged between 18 – 60 years employed under contract or permanent terms.
• Your salary Slips for the last three months
• Your identity Proof documents i.e Employee ID and valid government-issued IDs
• An introduction letter from your employer.
• An appointment letter and confirmation letter.
• Your employment contract for renewal.

To apply for Personal Loan

• Visit any nearby CRDB Bank Branch

Please  contact us through the following detail

• E-mail: customer-hotline@crdbbank.com
• Tell: +255 222 197 700
• Cell: +255 755 197 700 

Jijenge Loan

Features

6 great features of our Jijenge Loan

• Offered to all Tanzanians aged 21-60; employed, self-employed and living abroad.
• This loan is given in Tanzanian currency only.
• The maximum loan amount is 1 billion shillings.
• Repayment is up to a period of 20 years.
• Equal monthly repayments – the same amount of money to be repaid every month within the loan period.
• Balloon payment – Loan repayment after receiving a receipt showing a large amount of money paid to you.

Benefits

7 great reasons to apply 

• Opportunity to own your dream house within the shortest period
• Get up to 90% of the property value
• Affordable interest rates
• Give you peace of mind- since it is easy to pay little by little for up to 20 years
• The ability to revise monthly repayments enables you to clear the loan faster e.g. when your income changes.
• The loan is insured with Mortgage Protection Cover (in case of death or disability)
• Allows you to transfer mortgage loans from other banks

Eligibility & Requirements

To apply, you need…

• A copy of the approved ID or a valid Tanzanian Passport.
• Two passport-size photos.

ii. The following documents (if employed)

• Letter of introduction from employer
• Certified payslips for the last 6 months
• Bank statement where salary is paid for the last 6 months

If Self-Employed

• Business history, profile, and background
• Audited books of accounts for last 3 years
• Projected cash flows, balance sheet/ profit and loss account for the next 3 years
• Bank statement (any bank) for the last 12 months
• Full details of all borrowings and facilities advanced from other institutions.

For Tanzanite Customers

• Copy of residence/ work permit
• An employment contract or letter from Ministry of Foreign Affairs (for Foreign Affairs employees)

How to apply for a Jijenge loan

• Visit any CRDB Bank branch country wide to enquire about Jijenge.
• Download Jijenge application form  print, fill the form and return to any CRDB Bank’s branch.

To apply, you need…

• A copy of the approved ID or a valid Tanzanian Passport.
• Two passport-size photos.
• The following documents 

For employed:

• Letter of introduction from employer
• Certified payslips for the last 6 months
• Bank statement where salary is paid for the last 12 months

For self-Employed

• Business history, profile, and background
• Audited books of accounts for last 3 years
• Projected cash flows, balance sheet/ profit and loss account for the next 3 years
• Bank statement (any bank) for the last 12 months
• Full details of all borrowings and facilities advanced from other institutions.

For Tanzanite Customers  

• Copy of working permit
• Valid Biometric Tanzanian Passport
• Employment Contract or letter to the Ministry of Foreign Affairs (foreign affairs employees)
• Copy of recent three salary slips
• Bank statement of 12 months where salary is routed
• Proof of Address 

Additional Requirements for Non-Citizen Tanzanian Diaspora.

• National identity card issued by a country other than URT.
• Passport issued by a country other than URT.
• Driving license issued by a country other than URT.
• Voter’s registration card issued by a country other than URT.
• Employee’s identification card

How to apply for a Jijenge loan.

• Visit any CRDB Bank branch country wide and enquire about Jijenge.
• Download Jijenge application form here, print, fill the form and return to any CRDB Bank’s branch.

Boom Advance Loan

Features

6 great features of our Boom Advance Loan

• Instant loan 24/7- no paperwork required
• No interest applied.
• Reasonable loan amount of up to TZS 120,000
• Option to top up loan
• Automatic repayment as soon as HESLB pays allowances.

Benefits

Who is eligible for the Loan?

• A HESLB Loan beneficiary
• Student must be registered in a public or private university
• Student must have maintained an account with CRDB Bank  and received HESLB allowances at least once
• Student must be registered on SimBanking App. 
• Student must be on-boarded through Digital Disbursements Solution (DIDIs)

Eligibility & Requirements

How to Apply for Boom Advance Loan

• Log in SimBanking App. Don’t have the SimBanking App? Download here
• Select Quick Loans
• Select Boom Advance
• Enter loan amount requested (You can lend from TZS 10,000 to TZS 120,000 – You are not restricted to apply for the whole amount at once, you can apply at any time you are in need.)
• Accept Terms & Condition
• Confirm Transaction
• The loan amount will be credited instantly into the borrower’s accounts.

Salary Advance

Features

6 reasons to choose our Salary Advance Loan

• Quick loan up to TZS 1,000,000
• Low interest rate of 5%
• 30 days repayment period
• There is no operating fee
• You are available anytime through SimBanking

Benefits

• Easy process for account opening  
• Facilitates timely salary processing  
• Earns interest as an incentive to saving  
• Issued with debit card on the spot (instantly)  
• Convenience of accessing the account 24/7 through ATMs, SimBanking, Internet banking & Wakala.  
• Access to salary advance or personal loan  
• Free KAVA Assurance benefits (Self & Spouse): life insurance TZS 2 Mil and Accidental Total Permanent Disability (Account Holder) TZS 2 Mil

Eligibility & Requirements

To apply, you need to be…

• A government / private sector employee receiving salary through CRDB Bank
• Registered on SimBanking

How to apply for Salary Advance Loan

• Log in to the SimBanking App
• Choose Quick Loans.

OR

Dial * 150*03 # and select Salary Advance and proceed with the application process.

Malkia Proposition

Features

1. MSE Malkia

• Caters for both registered and unregistered business;
• The loan type includes working capital, investment loan, and asset financing;
• The loan amount is up to TZS. 50Million;
• Competitive and affordable interest rate of 14%;
• Repayment period of up to 24 months
• Flexible collateral requirements;
• No application fee required
• Minimum six (6) months business experience 
• Term loan

2. SME Malkia

• Caters for registered business;
• Loan type including working capital, investment loan, and asset financing.
• Loan amount from Above TZS. 50Million up to TZS.3 Billion;
• The competitive and affordable interest rate of 14% for loans up to TZS. 100Million and 17% for loan amount above TZS.100 Million;
• Repayment period of up to 60 months depending on the loan type
• Flexible collateral requirements;
• No application fee is required;

3. Retail Agribusiness

• Caters for both registered and unregistered business;
• Loan type includes working capital, investment loan, and asset financing;
• Loan amount of up to TZS. 200- 3BLN BN; 
• The competitive and affordable interest rate of 14% for loans up to TZS. 100Mn and 17% for loan amount above TZS.100Mn both on reducing basis;
• Repayment period of up to 60 months depending on loan type;
• Flexible collateral requirements;
• No application fee is required;
• Minimum six (6) months business experience;
• Flexible loan repayment schedule according to business needs.

Eligibility & Requirements

Who are eligible borrowers?

• Women with registered or unregistered business
• The borrower must be a woman age 18 to 70 years
• Must have an existing business for at least for 6 Months
• Must own business at least by 50% or more
• Must be active in business not merely having a share

What are the required business documents?

• Registered
  • Business License
  • Tin Certificate
• Unregistered
  • Machinga ID
  • Soko letter
  • Local business permits

MSE Loans

Benefits

• Applicants can borrow from TZS 500,000 to a maximum of TZS 50,000,000;
• It provides funds for working capital and micro investment needs;
• Competitive interest rates and affordable terms;
• The bank provides advisory services to borrowers;
• Borrowing can be secured against traditional or nontraditional securities;
• Repayment period is up to 24 months to accommodate the pressures and needs of micro and small entrepreneurs in line with their cash flow

Eligibility & Requirements

• Applicants must be at least 18 years of age;
• At least 6 months experience in the same business;
• Must be located within the vicinity of CRDB branch;
• Must have a steady cash flow;
• Applicants must have a premise owned or rented.
• Applicants must open or have a business account – HODARI Account.

Komboa Loan

Features

• The loan is available to customers who imports through Silent Ocean.
• Your business should have a good credit score and a clean credit report from the Credit Reference Bureau.
• No collateral is required for loans up to TZS 150 million.
• For amounts above TZS 150 million, collateral is required.
• The loan is suitable for customers with loose cargo or full containers

Benefits

The Komboa Loan has several benefits that will help your business stay afloat, including:

• It provides the necessary capital to cover all shipping costs and government taxes up to 100%.
• The loan attracts a competitive interest rate of 18% per annum.
• Repayment is flexible, with a maximum repayment period of 180 days.
• Loans are disbursed quickly, allowing you to clear your cargo and resume operations without delay.

Eligibility & Requirements

To be eligible for the Komboa Loan, your business must meet the following requirements:

• You must be an authorized customer of Silent Ocean (OPPO Agencies).
• Your business should have a sales turnover not exceeding 90 days.
• You must have a CRDB Bank account with a turnover of at least 150% of the requested loan amount for the past 12 months.
• Your business should have a good credit score and a clean credit report from the Credit Reference Bureau.
• No collateral is required for loans up to TZS 150 million.
• For amounts above TZS 150 million, collateral is required.
• You should have a good repayment history and/or deposit with CRDB Bank or any other financial institution for at least 12 months.

CRDB Loans, Application Requirements and Features

Current Account

Features

5 great features of our Current Account

• Account can be opened and operated in TZS, USD, EURO, GBP
• Minimum opening balance of TZS 100,000, USD 100, GBP 100, or EURO 100.
• Cheque to facilitate cash withdrawal and transfers.
• TemboCard Visa/MasterCard for sole signatory.
• Overdraft facility (If loan conditions are met).

Benefits

4 great reasons to open a Current Account

• You get access to the account through Internet Banking services 
• Access to SimBanking services for sole signatory
• You have many easy ways of making payments through cheque/ internet banking/ SimBanking
• Joint Account operation is allowed.

Eligibility & Requirements

To open an account:

• Be 18 years old and over
• Have any form of legal ID  (NIDA, Voters ID, Passport, Driver’s licence, Zanzibar ID)
• 2 Passport size photos

Malkia Account

Features

5 great features of our Malkia Account

• It can be opened and operated in TZS or USD
• You only need TZS 5,000 or an equivalent amount in USD as the minimum opening balance  
• Your interest is calculated and paid monthly. 
• No monthly and transactional charges for you
• You get emergency loans of up to 90% of the deposits.

Benefits

4 great reasons to open a Malkia Account

• It is the premier choice of a desirable saving plan 
• You receive attractive returns on deposits through compounding interest paid monthly 
• You receive preferential discount rates of up to 15% on insurance premium products purchased from CRDB Bank 
• You are eligible for emergency loans of up to 90% of the deposits to meet short term financial obligations without having to touch your savings. 

Eligibility & Requirements

To open an account:

• Be a woman aged 18 years and over
• Have any of the Valid ID (NIDA ID/Number, Voter ID, Passport, Driver’s License or Zanzibar ID)

Savings Account

Features

6 great features of our Savings Account

• Account can be opened and operated in TZS/USD/EURO/GBP
• Initial opening amount is TZS 20,000 or USD/EURO/GBP 100
• It earns interest on deposits
• Eligible for TemboCard Visa /MasterCard, SimBanking and Internet Banking
• It’s subject to monthly and transactional charges 
• Joint operation is allowed

Benefits

5 great reasons to open a Savings Account

• Security of funds 
• Convenience of accessing your account 24/7 through ATMs, SimBanking, Internet & CRDB Wakala 
• Earn interest as an incentive to saving 
• Free KAVA Assurance benefits (for self and spouse): Life insurance TZS 2 Mil and Accidental Total Permanent Disability (Account Holder) TZS 2 Mil
• TemboCard Visa/ MasterCard/ Union pay for transacting on ATMs worldwide and shopping through POS, scanning QR codes or shopping online

Eligibility & Requirements

To open an account:

• A customer has to be 18 years and above
• A customer has to provide 2 passport size photographs (For customer with no NIDA ID/Number)
• A valid ID (NIDA ID/Number, Voters ID, Passport, Driver’s licence, Zanzibar ID)

Junior Jumbo Account

Features

5 great features of our  Junior Jumbo Account

• The freedom and flexibility of selecting the type of currency to save (TZS, USD, EUR, GBP)
• Initial Opening Balance – TZS 20,000 | USD, EUR, GBP) 20
• No Monthly Maintenance Fees  
• Earns interest on deposits 
• No Joint Account operation. Only one account is allowed per child. 

Benefits

5 great reasons to open a Jumbo Junior Account

• It builds up your saving habits for your child/children’s needs
• You can set standing instructions to the account
• No monthly maintenance fees  
• Earns interest on deposits
• You may be issued a TemboCard Visa / MasterCard which is not linked to an account

Eligibility & Requirements

To open an account

• Account is for children below 18 years  
• Child’s birth Certificate
• Two passport size photographs; one of a child and one of a parent/guardian
• Parent/Guardian valid ID (NIDA ID, Voters ID, Passport, Driver’s licence, Zanzibar ID)

Scholar Account

Features

5 great features of our Scholar Account

• Can be opened and operated in TZS only
• Eligible for TemboCard Visa /MasterCard, SimBanking, and Internet Banking
• No initial opening fee and minimum operating fees
• No monthly maintenance fees
• Joint operations is not allowed
• Affordable transactional charges

Benefits

6 great reasons to open a Scholar Account

• The account can be  linked to HESLB biometric Digital Disbursement Solution
• Facilitation of subsistence allowance payments
• Convenient means to save while at university/college or school
• Access to boom advance 
• Access to the account 24/7 through ATMs, SimBanking, Internet banking & CRDB Wakala
• Ability to purchase books, clothes, and other appliances online

Eligibility & Requirements

To open an account:

• Must be a student 18 years and above  
• University/college or school ID  
• Must have an admission letter or introductory letter from the University/College or School with glued photo and signature  
• Must have two passport size photograph (For customer with no NIDA ID/Number)
• Must have a valid ID (NIDA ID, Voters ID, Passport, Driver’s licence, Zanzibar ID)

Salary Account

Features

5 great features of our Salary Account

• Account can be opened and operated in TZS/USD
• Initial opening balance is TZS 20,000 OR USD Equivalent
• Earns interest on deposits
• Eligible for TemboCard, SimBanking and Internet Banking services
• Joint operation is not allowed

Benefits

6 great reasons to open a Salary Account

• Facilitates timely salary processing 
• Earns interest as an incentive to saving  
• Customer receives debit card instantly upon request  
• Convenience of accessing the account 24/7 through ATMs, SimBanking, Internet banking & Wakala.  
• Offers access to salary advance or personal loan  
• Free KAVA Assurance benefits (Self & Spouse): life insurance TZS 2 Mil and Accidental Total Permanent Disability (Account Holder) TZS 2 Mil

Eligibility & Requirements

To open an account:

• You must be a salaried employee of any recognized and registered company, institution, or organisation aged 18 years and above
• Must have a valid employee’s identity card and a letter of introduction from your employer
• Bring two passport size photographs (For customer without NIDA ID/Number)
• Have one valid ID (NIDA ID, Voters ID, Passport, Driver’s licence, Zanzibar ID)

Teen Account

Features

7 great features of our Salary Account

• The account is opened by a parent/guardian and operated by the child under their parent’s or guardian’s supervision
• Can be opened and operated in either TZS or USD
• Your account earns interest on deposits
• Only one account is allowed per child.
• No monthly fee
• The parent is eligible to debit card (TemboCard VISA/Mastercard)
• For teens who are 13-17 years old

Benefits

4 great reasons to open a Teen Account

• Teenager is allowed to use TemboCard so as to build financial responsibility early
• Parent/Guardian retains the mandate on the account
• Parent/Guardian receives notification whenever the debit card is used 
• No monthly maintenance fees

Eligibility & Requirements

To open an account:

• Account must be for children between 13- 17 years 
• Must have the child’s birth certificate
• Must have 4 passport size photographs, 2 of the parent/guardian and 2 of the teenager
• Parent/Guardian must have a valid ID (NIDA ID, Voters ID, Passport, Driver’s licence, Zanzibar ID)

Niamoja

Features

6 great features of our Niamoja Account

• Can be opened and operated in TZS Only
• Initial Opening Balance – TZS 20,000  
• No minimum Operating Balance
• Earns Interest on deposits
• No transaction fees  or Monthly Fee 
• Minimum number of group members is 2, with no maximum 

Benefits

6 great reasons to open a Niamoja Account

• No Monthly maintenance fees  
• No withdrawal charges  
• Real time collections (Group) and payments (Members) via SimBanking, agents, branched, SimAccount and MNOs
• Open to registered and non-registered groups
• Eligible to request for cheque 
• Earns interest on deposited funds

Eligibility & Requirements

To open an account:

• Group meeting minutes authorizing the opening and operating directives of the account
• Introductory letter from the Council or local government (for unregistered/informal groups) OR the Certificate of registration (for registered /formal groups)
• Group Constitution
• The signatories must present a valid form of identification i.e. National Identity (NIDA), Zanzibar identification card, Voter’s ID, Passport and Driver’s license
• 2 Passport size photos for each signatory

Pension Account

Features

5 great features of our Pension Account

• Opened in TZS only
• Earns Interest on Deposit  
• No Joint Account operation
• Subject to ATM Cash withdrawal charge
• No minimum opening amount

Benefits

7 great reasons to open a Pension Account

• No Monthly maintenance
• No minimum operating balance 
• Cash withdrawal inside the branch FREE
• Access to debit card 
• Registration to SimBanking and Internet Banking is FREE  
• Access to Pensioner’s Loan and Pension Advance  
• Priority banking in branches

CRDB Simba Account

Features

Initial deposit:

The Simba account is opened with a minimum initial deposit of Tsh 2,000/= along with other card fees as specified below, depending on the type of card you apply for.

Types of cards:

A Simba fan can apply for one of the following cards as soon as they open a Simba account through CRDB Bank or if they already have a CRDB account.

1. Simba Cub Card – Children’s Card
2. Simba Classic Card – Standard Card for Women and Men
3. Simba Platinum Card – VIP Card

Benefits

Simba Cubs Card:

• Fee: Tsh 12,000
• It identifies you as a child Simba fan.
• You can perform transactions through POS, ATM, CRDB Agent, etc.
• You can withdraw up to Tsh 2,000,000 per day from the ATM and make payments of up to Tsh 10,000,000 on POS and online platforms.

Simba Classic Card:

• Fee: Tsh 12,000
• It provides life insurance coverage of up to Tsh 2,000,000 in case of permanent disability, death, or loss of a spouse.
• It identifies you as a legitimate Simba fan.
• You can perform transactions through POS, ATM, CRDB Agent, etc.
• You can withdraw up to Tsh 2,000,000 per day from the ATM and make payments of up to Tsh 10,000,000 on POS and online platforms.

Simba Platinum Card:

• Fee: Tsh 38,400
• It provides life insurance coverage of up to Tsh 10,000,000 in case of permanent disability, death, or loss of a spouse.
• You get priority access to Simba club events.
• You receive special services at CRDB branches (Premier Lounges).
• It identifies you as a legitimate Simba fan.
• You can perform transactions through POS, ATM, CRDB Agent, etc.
• You can withdraw up to Tsh 15,000,000 per day from the ATM and make payments of up to Tsh 30,000,000 on POS and online platforms.

Eligibility & Requirements

Card Availability:

If you are a Simba fan with a CRDB account:

• Visit any CRDB branch with a government-recognized identification document.
• You will fill out a form to apply for the card you need.

If you are a Simba fan without a CRDB account:

• Visit a CRDB branch with one of the following identification documents (NIDA, Voter ID, Driver’s License, Zanzibar ID, or Passport).
• You will have a Simba account opened for you and will fill out a form to apply for the Simba card.

CRDB Yanga Account

Features

Do you already have a CRDB account?

If you are a Yanga Fan or Member and already have a CRDB account, you do not need to open another account. What you need to do is:

1. Visit a CRDB branch with a valid identification document.
2. Fill out a form to apply for the Yanga card.
3. Members will be required to pay Tsh 24,000 as an annual fee.
4. Fans will be required to pay Tsh 12,000 as a club contribution.

Don’t have a CRDB account?

If you are a Yanga Fan or Member and do not have a CRDB bank account, then you will need to open an account that will enable you to save, make various payments, including fan-related expenses, and access other banking services.

Benefits

Benefits of having a Yanga Card:

1. Identifies you as a legitimate member of the Yanga team.
2. Enables you to perform transactions through ATM, CRDB Agent, POS machines, etc.
3. Provides life insurance coverage of up to Tsh 2,000,000 for members in case of permanent disability, death, or loss of a spouse.

Initial deposit:

The Yanga account is opened with an initial deposit of Tsh 2,000/=, which the fan will be required to pay, along with other card fees as specified below, depending on the type of card they apply for.

Eligibility & Requirements

For a Member, they are required to have:

• One of the Identification Documents (NIDA ID, Voter’s ID, Driver’s License, Zanzibar ID, or Passport)
• Their membership number
• Membership fee of 24,000 Tanzanian Shillings per year

For a Fan, they are required to have:

• One of the Identification Documents (NIDA ID, Voter’s ID, Driver’s License, Zanzibar ID, or Passport)
• Fan fee of 12,000 Tanzanian Shillings per year

What is the cost of the Yanga TemboCard?

From 05/07/2023 to 05/08/2023, CRDB Bank will issue the Yanga Card for FREE, but the Member/Fan will be required to pay 24,000 Tanzanian Shillings as the membership fee.

After 05/08/2023, the customer will be required to pay 5,000 Tanzanian Shillings for the card in addition to the 24,000 Tanzanian Shillings membership fee (Total 29,000 Tanzanian Shillings).

Bidii Account

Features

• The business account can be opened by individuals or any registered businesses;
• Available in local currency (TZS) and international currencies (USD| GBP);
• An Opening deposit of TZS 50,000  or FOREX 100;
• Operating balance TZS 50,000 or FOREX 25;
• Eligible for ATM cards and digital channels access – Simbaking and internet banking;
• Access on digital channels SimBanking, Internet banking and online payments;
• Customer get a cheque book upon request;

Benefits

• Accommodate multiple currencies;
• Affordable opening and operating balance;
• Access to CRDB treasury products and international payment facilities;
• Deposit and withdrawal from your account  conveniently across the Bank’s network in Tanzania;
• Withdrawal currency of any country you are visiting worldwide;
• Access on digital channels SimBanking, Internet banking and online payments.

Eligibility & Requirements

These are the requirements to open a Bidii Current Account;

• For individual entrepreneurs:

· Application letter

· Business registration certificate

· Registrar’s information

· Business license

· TIN certificate

· Two passport size photographs

· Identification document (NIDA, voter ID card or passport)

For companies:

· Application letter

· Board resolution to open the account

· Company registration documents

· Business license

· Taxpayer identification number

· Two photographs of signatories and copies of acceptable identification documents

Additional attachments:

For foreign companies:

• Certificate of incorporation Registration certificate from the Tanzania Investment Centre (TIC)

Hodari Account

Features

• The business account can be opened by formal and informal  businesses
• The  account can be operated by individuals or any registered form of business
• Available in local currency (TZS) only
• The minimum opening balance is TZS 5,000/=
• Zero minimum operating balance
• Zero maintenance fee
• Zero withdrawal charges on all CRDB channels of payment
• Customer can get ATM Card, cheque book upon request, mobile access, and a CRDB LIPA namba.

Benefits

• The account accommodates all MSE  segments type – registered and unrequested ventures
• Affordable account opening balance
• Affordable account operating balance
• Convenience of making and receiving payments using CRDB Card, SimBanking, Internet banking and lipa namba.
• Access to the CRDB Bank credit facilities tailored for MSE segment.

Eligibility & Requirements

• Must be a Tanzanian of 18 years of age and above
• Conducting business formally or informally
• Sales turnover generation up to TZS 250 Million in a year
• Prospecting to access credit to the maximum of TZS 50 Million

Fahari Kilimo Saving Account

Features

• The account accommodates all agri-related  activities – registered and unrequested ventures
• The account  can be operated in local currency only – TZS
• No Initial opening balance
• Min Operating Balance TZS 3,000/=
• Zero monthly maintenance fees
• Account earns interest on deposit for amounts above TZS 200,000/=

Benefits

• The account can be operated by individuals 
• Affordable to open and operate;
• Convenience of making and receiving payments using CRDB Card, SimBanking and internet banking;
• Affordable operating balance with no charges;
• Attractive interest rates on savings;
• Access to the CRDB Bank credit facilities tailored for agri business ventures.

Eligibility & Requirements

• Signatories must be 18 years and above with NIDA ID/VEO/WEO Letter. (VEO/WEO Letter ONLY in the absence of NIDA ID)
• When opening FAO Accounts – there is no need for customers to provide 2 Passport size pictures.

Fahari Kilimo Current Account

Features

• The account accommodates all agri-related  activities – registered and unrequested ventures
• The account  can be operated in local currency only – TZS
• No Initial opening balance
• Min Operating Balance TZS 3,000/=
• Zero monthly maintenance fees
• Account earns interest on deposit for amounts above TZS 200,000/=

Benefits

• The account can be operated by any registered businesses in agri-value chain ventures;
• Affordable to open and operate;
• Convenience of making and receiving payments using CRDB Card, SimBanking and internet banking;
• Affordable operating balance with no charges;
• Attractive interest rates on savings;
• Access to the CRDB Bank credit facilities tailored for agri business ventures.

Eligibility & Requirements

When opening FAO Accounts – there is no need for customers to provide 2 Passport size pictures.

Signatories must be 18 years and above with NIDA ID/VEO/WEO Letter. (VEO/WEO Letter ONLY in the absence of NIDA ID)

Members are not required to have a CRDB account with exception of signatories

Group resolution/Minutes of members meeting authorizing the opening of account and operating mandates (At least 3 signatories) for Groups

Group constitution

Business/Group/Association certificate of registration, OR introductory letter from a relevant authority such as Employer or government official