Overview
The Entrepreneur Loan is designed to support small and medium-sized business owners who require flexible financing to manage daily operations, grow their businesses, and strengthen cash flow. This loan provides accessible funding tailored to the real needs of entrepreneurs operating in various sectors.
Eligibility (Who Can Apply)
This loan is available to:
Entrepreneurs and business owners with active businesses
Traders and small-to-medium enterprises seeking working capital or business support
Applicants must demonstrate business activity and the ability to repay the loan based on business performance.
Loan Amount
TZS 1,000,000 – TZS 20,000,000
Purpose of the Loan
The Entrepreneur Loan may be used to meet various business needs, including:
Payment of employee salaries
Rent for business premises or offices
Payment of business taxes, licenses, or statutory fees
Expansion of business operations
Strengthening working capital and operational capacity
Loan Tenure
Maximum repayment period: Up to 12 months
Repayment Method
Monthly installments as agreed with Greenbud Microfinance Limited
Collateral & Loan Charges
To secure the loan, the following may be required:
Loan registration
Acceptance of a qualified third-party guarantor where applicable
A motor vehicle in good condition with valid comprehensive insurance
Share certificates from recognized companies or MERMATS
Loan arrangement fee of 3%, payable at loan disbursement
Installation of a vehicle tracking system (Car Track) where applicable
Required Loan Application Documents
Applicants must submit the following documents:
Fully completed loan application form
Valid identification (National ID, Voter’s ID, Passport, or Driving License)
Introduction letter from local government authorities (home and business location)
Spousal consent (attach marriage certificate or affidavit if unmarried)
Guarantee agreement (if the applicant does not have permanent residence in Dar es Salaam or Dodoma, a guarantor with permanent residence is required, supported by water or electricity bills)
One passport-size photograph of the applicant and guarantor
Proof of business experience, such as:
Business license
TIN or Tax Clearance Certificate
Bank statements covering at least 6 months
Income and expenditure records showing business performance
Proof of other income sources (if any)
Photographs of the business premises and collateral
Why Choose the Entrepreneur Loan from Greenbud?
Financing designed specifically for entrepreneurs
Transparent terms and clear requirements
Flexible repayment structure
Supportive and customer-focused approach
Trusted microfinance institution operating in Tanzania