MMCL Finance Limited – Housing Microfinance Company

MMCL Finance Limited (MMCL-FL), A Housing Microfinance Company, established and registered on July 24 2018, operates as a non-deposit taking microfinance service provider. MMCL-FL specializes in offering housing and business loan products to low- and middle-income households across urban and rural areas. Additionally, it provides Agency services in areas of insurance agency, banking, and mobile money.

MMCL-FL also handles projects which were previously performed by WAT-Human Settlements Trust (WAT-HST). The projects are centered on providing access to affordable decent housing products to low- and middle-income individuals especially women. In these projects more than 500 house units and 2,000 surveyed plots were availed to clients.

Products and Services

MMCL-FL offers a broad range of Products and Services to low and middle-income households residing in urban towns, cities, or villages. Below is the range of products offered: 

  1. Housing Loan Products: These products are designed for low- and middle-income households, allowing incremental repayment terms to facilitate home ownership. They are categorized as displayed in the Table below:
Daka Kiwanja Loan – [Land purchase Loan] Jenga Nasi Loan product – [House Construction loan]Miliki Makazi Loan – [House Purchase loan]Boresha Makazi Loan – [House improvement loan]. Maji Tiririka Loan – [Water & Sanitation Loan] Mwanga Poa Loan – [Renewable Energy loan]
  1. Business Loan Products

Business Loan Products: These loans support clients in funding their business operations and improving their economic well-being:

  1. Chap Chap Loan [Quick Loan]
  2. Biashara Loan [Business loan]
  3. Insurance Premium Financing Loan
  4. Asset Loan
  1.  Agency Business Activities: These activities include insurance, banking and mobile money agency operations.
Insurance AgencyBanking AgencyMobile Money agency

MMCL – FL Achievements

Over 500 House loans disbursed impacting about 2,000 individuals Over 2000 Land loans disbursed reaching out to 6,000 beneficiariesOver 500 business loans offered to small business owners, thus bring impact to about 2,000 individuals. 

Office Location

Plot No. 399, Block 42, Delta House, Dunga Street- Kinondoni Biafra,

P.O. Box 33231, Dar es salaam, TANZANIA.

Telephone : + 255 22 27 60258 – Head Office.

  + 255 656 420 045 – Kibaha Branch

Visit MMCL website to know more