1) HOME:

2) ABOUT HP MICROFINANCE

HP Micro incorporated financial services provider incorporated in Tanzania in June 2017 a

company Limited by liability. Its key object is to provide microfinance products and services to
the informal and micro small entrepreneurs.

HP is backed by a Board of Directors with huge experience in banking, microfinance,

investment, treasury, product development and general business management with such
background knowledge and experience the company is poised to take full advantage of the
huge opportunities in the microfinance industry in Tanzania.

HP MICROFINANCE aim is to improve the quality of life for families in Tanzania through the
provision of Microfinance; we are a microfinance organization offering products through group
and Individual lending targeting 80% Women and 20% Men micro entrepreneur around the
branch offices

The Company intends to reach out 7,000 poor families in Tanzania with microloans in the next
five years in Mbagala, Chanika, Gongolamboto and Kigamboni. HP Management philosophy is
to gain self sufficient within five years

Mission and goals

HP exists to empower people especially women economically while ensuring that those who live
in poverty are served. To passionately and promptly meet our clients need with a professional
and flexible touch, creating value for clients and our business, satisfy our customers, reward,
and train, develop our hardworking and loyal employees and also maintain our integrity and
professionalism.

HP Expects to empower the entire population of one million Tanzanians to move out of
Extreme poverty through strategic goals. As a Microfinance Institution, HP intends to increase
opportunities financial services for the poor to access financial services by providing financial
services to low income entrepreneurs.
TYPES OF LOAN

Individual loan

Loan size 100,000-1,000,000

Loan term 1month -6month

Interest 10%

Gharama za mkopo

Application form 10,000

Loan processing fee 10,000

Group loan

Micro loans for financing working capital to entrepreneurs in groups of ten or more
individuals, generally for business development.

Interest 10%

Gharama za mkopo

Application form 10,000

Loan processing fee 10,000

Group loans made available are generally for business development and therefore
expected to generate income in an existing business. A sample case of a group loan
would involve 5-20 business people, with experience working together, forming a loan
group and acting as guarantees to one another. The group receives training from a
Loan Officer, covering all areas of the company’s lending methodology, basic topics on
loan use, and business plan. This training also would cover all steps necessary in the
groups’ formation and procedures. 

The initial amount of loan for every member in the group varies from Tshs. 50,000 to
200,000 and there is a maximum loan amount of up to Tshs. 1,000,000. The size of an
individual’s business determines the amount of the first loan. Subsequent loans may be
established, based on the customer’s repayment history, Loans can be made for a
period of one to three months, daily, with weekly, bi-weekly, or monthly payments. 

Benefits
 Group loans are reliable and processed quickly. Loan terms are flexible, affordable to
most low income earners and rural poor, and we offer a top up loan. Informal loan
security is accepted and repayment can be made through a variety of methods

Documents required for Small Loan (Group Based) disbursement(Nakala zinazohitajika

kwa ajili ya kupata mkopo “mkopo mdogo wa kikundi”)
1. Filled up loan application form accurately with all kinds of address and
communication information
(Fomu ya maombi ya mkopo ambayo imejazwa vizuri kuhusu taarifa zote za mteja)
2. Local government letter
(Barua ya utambulisho wa mteja kutoka serikali ya mtaa anaoishi )
3. Client’s copy of voter Id
(Nakala ya kitambulisho cha mpiga kura cha mteja)
4. 02 passport size photographsof client
(Picha ndogo nne za mteja)
5. Two guarantors from the group
(Wadhamini wawili kutoka kwenye kikundi)
6. Two guarantors from relatives i.e
husband/father/brother/mother/sister/son/daughter who are matured enough aged 22
years and above as well as engaged with income generating activities.
(Mteja anatakiwa  awe na wadhamini wawili(2) ambao wataweka sahihi zao kwenye fomu
ya maombi ya mkopo; wanatakiwa kuwa ndugu wa mteja kama vile
mume/mke/baba/mama/kaka/dada/mtoto ambaye anaumri wa miaka ishirini na mbili (22)
na kuendelea, na pia awe anajishughulisha na biashara/ au shughuli yoyote ya kiuchumi)
7. Copy of any government ID and photograph of all guarantors.
(Nakala za vitambulisho vya wadhamini wa mteja na picha ndogo zao)
8. Tenant clients have to ensure the landlord as a guarantor
(Mteja aliyepanga lazima adhaminiwe na mmiliki wa nyumba yake)
9. All photocopies of the required documents will be attested by the respective loan
officer and the respective client also will sign on the documents
(Nakala zote za vitambulisho vya mteja, wadhamini, biashara na makazi vinabidi
visibitishwe na afisa mikopo, na Mteja anatakiwa kuweka sahihi kwa kila nakala)

Salary Advance/Emergency loan

It is the shorten loan product which is offered to private company employees, the objective of
the product is designed to meet employees short term financial needs with salary advance
repayable within 30 days

Loan size 100,000-5,000,000

Loan interest 12%