Microfinance loans
Tracell Finance Limited (TFL) targets financially excluded youth and women between 16-49 years and who would not qualify to secure loans from formal financial institutions to start a business.
The main objective of Tracell Finance Ltd is to provide easy access to finance for its borrowers at reasonable interest rates and play a catalytic role to lubricate the process of small business sector development in Tanzania.
Tracell Finance Ltd. main activity is to issue microfinance loans to Individuals, Groups of individuals, Small & Medium Enterprises (SME’s) and Asset financing through leasing finance & microfranchising.
Other activities which can be carried out by TRACELL Finance Ltd may include:
To play a significant role in alleviating poverty in Tanzania and beyond by providing easy access & affordable credit to the financially underprivileged population.
Key TFL product features include:
Shortest turn-around time: from 1 hour up to a maximum of 48hrs.
Effective and efficient supervision strategy: We go to our customers rather than waiting for them in our offices i.e. by using “foot soldiers”
Very low interest rate
No security required and no fees for asset financing
Flexible & extended repayment period (up to 2 years)
Wide range of tools and machinery offered
Free repairs and maintenance for asset financing for the first three months
Free sourcing and delivery services for asset financing i.e. better prices due to arranged bulk procurement.
Free financial advice from our in-house financial & technical experts
Multiple channels including online web platform, physical office, direct route sales.
In order to achieve the vision and the mission, we are committed to:
