IMPACT FUND FINANCING AVAILABLE FOR COMMERCIAL BANKS & MICROFINANCE INSTITUTIONS IN TANZANIA

• Financing is only in debt (and not equity) 
• Financing range is between USD 5 million and USD 10 million 
• Duration / maturity is 5 to 7 years 

Investment criteria

Microfinance Institutions;

• Good track record (minimum 5 years) 
• Good governance 
• Portfolio of loans 
• The financing can be without collateral 
• The state / government must own less than 50% of the shares 
• Financing only available in foreign currency (USD and Euro) 

The Impact Fund can only invest in Commercial Banks (Investment Banks and Development Banks not legible)

Commercial Banks;

• Good track record of more than 5 years 
• The Impact Fund can only invest in debt (and not equity). It can also invest in senior to sub-ordonated debt (5 to 7 years) 
• Commercial Banks financing development and growth impact for low income segments 
• Commercial Banks financing SME, agri-business, affordable housing (low to middle income segments) 
• The state / government must own less than 50% of the shares 
• The Commercial Bank should adhere to ESG (Environment, Social and Governance) 
• Financing only available in foreign currency (USD and Euro) 

For more details, email; arden.kitomari@icloud.com