Tanzania - Obtain License or Permit to Start Microfinance Institution

Advertisement

Procedure

Apply In-Person:

1. Application form for License or Permit for Start Microfinance Institution is available in Ministry of Trade Industry and Marketing contact link.
2. Applicant must provide all information that is requested in the application form.
3. Applicant should make sure to carry photocopies and originals of all documents that are needed for completing this procedure.
4. Documents that are needed for completing this procedure are mentioned under “Required Documents” section of this page.
5. Applicant must attach photocopies of all documents (whichever is necessary) along with the application form while submitting it at the office.
6. Fee for this procedure has to be paid as per authority’s request at the office while submitting the application form.
7. If all the above-mentioned procedures were followed properly, license will be provided within one month.
8. If there is no information regarding the license is provided by concerned authorities, the applicant has to visit the office to know status of their application.
   

Advertisement

Required Documents

• Registration Certificate from BRELA
• Business Premise owning or lease proof
• TIN Certificate
• Memorandum and Articles of Association
• Certificate of Incorporation
• Power of Attorney
  

Office Locations & Contacts

Ministry of Trade Industry and Marketing
Location: Zanzibar
Address: Migombani, Zanzibar, Tanzania
Contact No: (+255) 242 234 843
Contact link
Location link

Eligibility

Any individual who is willing to start a microfinance institution or an already existing microfinance institution is eligible.

Fees

Fee for this procedure has to be paid as per authority’s request.

Validity

License for starting a microfinance institution is valid for 10 years.

Documents to Use

Please provide some documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

The processing time for this procedure is 1 week.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicant should make sure to follow all instructions provided by concerned authorities properly.
• Applicant must provide genuine information while applying for this procedure.
  

Required Information

• Name of the Applicant
• Business/Company Name
• Business/Company Registration Number
• Address
• Date of Registration
  

Need for the Document

This document is necessary for starting and running a Microfinance Institution legally in Tanzania.

Information which might help

Information on how to get a business license is available in the following link

Other uses of the Document/Certificate

Please explain what other uses of obtaining this document / certificate
e.g. Birth Certificate can be used as proof of identity.

External Links

Ministry of Industry and Trade link

Others

More information which might help