Tabasamu
Special account for women in order to support them meet their financial obligation and become economically independent, this account is geared to support women as individual, in a group or a start-up business to increase their saving or business capital.
Tabasamu Individual Accounts Opening Requirements
· Copy of National Identity Card (NIDA), or Voter ID Card or Driver's License or Passport
· Letter of Introduction from the Local Government or Electricity Payment Bill or Water Payment Invoice confirming the place of origin
· Two recent Passport size with blue background.
· Minimum account opening Amount is Tshs.10,000 / =
· Minimum Operating amount is Tshs.4,000 / =.
· Employee's Identity Card and letter from the Employer
Tabasamu Savings Groups Account Opening Requirements
· Minutes or a report showing group names including their names and signatures
· A letter from the group leadership naming signatories. Signatories must be endorsed by all group members
· Introduction letter from a local government leader with photos of the signatories capturing physical location of the group
· A letter of intent to open an account addressed to respective bank branch
· Three Passport size photos (blue background) from each signatory to the account of which must be taken at a time of opening such an account
· Constitution of the group (if available)
· Introduction latter for Workplace & religious groups from their respective authority.
Features for Tabasamu Savings Group Account
· Minimum Account Opening is Zero.
· Minimum Operating Amount Zero
· No ledger fee
· For individual Members the features same as of Quick Accounts
Benefit of Tabasamu Account
Tabasamu account gives an account holder the opportunity to take out a loan of up to 50% of her savings once she needs to do so.
i. Offers competitive Interest rate per year
ii. The account can serve as a guarantee (lien) if the account holder needs to borrow.