Who is K-FINANCE?
K-Finance is a Limited Private Micro Finance Institution that offers loans and business advice to individuals and businesses. The institution began its operations in 2008.
What do we offer?
We offer a range of short term financial solutions to cutter for personal and business needs such as payment of school fees, paying various bills, acquiring assets, purchasing stock, servicing tender and various order supplies
Who is eligible for our services?
Any adult matured and mentally fit Tanzanian citizen either employed or with a formal and legally operating business who need loan
Where are we located?
We are located at Mikocheni “B” Dar es salaam, Rose garden road near Pakistan Embassy (almost 500meters from Mwalimu bus terminal)
How can you contact us?
Visit our offices at Mikocheni “B” Rose garden road or reach us through the following;
Phone number: 0715799115, Email: firstname.lastname@example.org, Website: www.kfinance.co.tz
Can I get emergency loan?
Yes, our loan offerings are based on emergency needs and quick financing
Do you have a branch near me?
Currently we are operating at Dar with only one branch located at Mikocheni “B”, Rose garden road, we don’t have upcountry branches but as we open we will get you updated
How long does it take to get the service? / How long does it take to access a loan?
Our services are offered under 48hours after completion of application package
How long is the repayment period?/What are our loans periods?
Our loans are offered for a period between 1-12months
What is the interest rate?
Our rates range between 4-6% per month depending on loan amounts and duration
What are the requirements?
Employment details for employees and business details for business people
Where should I start?
It all starts with visiting our offices or make call for more details and application. Our officers can also visit you for the same, only you need is to give us your information
What collateral do I need to secure a loan?
Depends on loan amount but generally we receive a range of collaterals major being home chattels, cars and title deed.
How can I access my funds?
All successful loan applications are paid through respective applicant’s bank account numbers
How much do I need to pay each month on my loan?
Depends on the loan amount and duration, and all loans installment are made once a month
What size loan can I receive?
Any amount between 1M-50M depending on the applicant’s repayment capacity and security strength
Do you offer loans to government employees?
Yes, we do offer to both private and government employees
What is the minimum loan I can get?
Depends on the assessment, but our minimum threshold is 1M
I am starting a business am I eligible for loan?
If you have a main business and that is an expansion line, because all businesses are required to have met at least 6months of operations
Do you offer your loans to someone living outside Dar es Salaam?
No, we currently don’t have an upcountry branch, but if your residence and family is residing at Dar, we are flexible to see how to service you
I don’t have an office but I have online business. Can I get a loan?
No, we finance businesses with physical locations and legal registrations