TMA SACCOS LTD
A savings and credit cooperative society that specializes in savings and issuing credit to its members. It is registered by TCDC with the registration number DR 1637.
It headquarters is located at Itega, Kizota area block HH, Plot number 92, Dodoma and Branch office at Masaki, UN Road, house number 56, Dar Es Salaam.
How to Apply
- Fill in membership application form through Speedyfinances system with: www.speedyfinances.com
- To get two guarantors within TMA SACCOS
- To pay entrance fee of TZS 50,000 and its non-refundable.
- Put savings od TZS 50,000 at minimum each month, however you may exceed it depending on your target of borrowing because member will be eligible to borrow three times of your savings.
- Buy mandatory shares of TZS 1,000,000 for the period of one year from the joining date.
The new member will be eligible to borrow if he/she has stayed at TMA SACCOS for a period not less than three months.
To date, TMA SACCOS has more than 115 active members and has issued TZS 4 billion in credit since its establishment in 2017. The SACCOS offers the following products:
- Development loan up to TZS 300 million with a repayment period of four (4) years
- Education loan up to TZS 20 million with a repayment period of one (1) year
- Holiday loan up to TZS 5 million with a repayment period of six (6) months.
- Emergency loan up to TZS 2,000,000 with a repayment period of three (3) months.
TMA MICROFINANCE LTD
Is the subsidiary company of TMA Associates Ltd registered with registration number 154632581. It was established to complement TMA SACCOS services in 2021, with its headquarters located in Itega, Kizota Block HH, Plot number 92, Dodoma.
How to apply loan from TMA MICROFINANCE Ltd.
- Step 01. Fill in loan application form
- Step 02. Submit filled loan application form to the loan officer.
- Step 03. Submit the loan collateral for valuation and other proceedings.
- Step 04. Loan release
The Microfinance offers the following products:
- Development loan up to TZS 300 million with repayment period of four (4) years
- Education loan up to TZS 20 million with repayment period of one (1) year
- Holiday loan up to TZS 5 million with repayment period of six (6) months.
- Emergency loan up to TZS 2,000,000 with repayment period of three (3).
| Previous projects implemented successfully | |||
| S/N | Project | Overview | Year From |
| 1 | Wajibika | Wajibika was a USAID-funded project provided training and mentoring that helped 38 of the country’s 161 councils implement community-driven health services planning and improve budgeting, procurement, and internal audit practices. | 2010-2012 |
| 02 | PS3 | The purpose of USAID’s five-year Public Sector Strengthening (PS3) in Tanzania activity is to strengthen existing Government of Tanzania (GOT) systems at national and local levels to Improve service delivery across sectors. | 2015-2020 |
| 03 | CHSSP | The Community Health and Social Welfare (CHSS) project is intended to improve health, wellbeing and protection outcomes for HIV affected and other vulnerable populations in Tanzania | 2014/2020 |
| 04 | Public Private Partnership | Support establishment of Public Private Partnership Board | 2017-2018 |
| 05 | SP and CHOPs | Development of Hospital Strategic Plans (SP) and Comprehensive Hospital Operations plans (CHOPs) for 62 Christian Social Services Commission Hospitals in Tanzania | 2016 |
| Major ongoing projects | ||||
| S/N | Project | Overview | Year From | Funders Name |
| 1 | PS3 Plus | Strengthen Public Sector Systems in the country at all levels in Tz mainland and Zanzibar | July 2020-July 2025 | USAID |
| 02 | PS3 | Strengthen Council Own Sources Revenues at Dar Se Salaam Metropolitan | January 2021-January 2022 | World Bank |
| 03 | PFM RP V | Strengthening Public Finance Management systems | 2019-2023 | DFID |
| 04 | Speedyfinances | Financial systems to Cooperative Societies | 2019 – indefinitely | TMA |