Is designed to provides financing solutions to motor vehicle owners, salaried employees with vehicles and business owners seeking funds for business expansions or to meet financial obligations. The product supports clients in purchasing , insuring or maintaining motor vehicles, with the financed vehicle serving as collateral throughout the loan tenor. The loan amount can range from TZS 1,000,000 to TZS 70, 000,000 with loan terms between 3-24 months depending on the clients vehicle value, repayment capacity and credit worthiness. One of our seasoned loan officers will assess your application and business needs against risks and then advise you accordingly. This product is now accessible in Dar es salaam, Mwanza and Arusha.

Quick Cash Is a Short-term Personal Secured Loan available through USSD *150*56# to existing Personal Secured Loan customers. Loan amount is based on the client's monthly instalment, with a maximum of TZS 1,500,000. Tenure is 2 weeks, with up to an additional 2-week tolerance period. New and repeat clients qualify after completing 2 repayment cycles. Application fee is 10%, capitalized into the loan.

The following are the features and requirements of Personal Secured loans:

• One must be an employee or a business owner with proof of income.
• One must own the vehicle(if in need of a cash loan) or have proof of ownership transfer, invoice from the yard and sales agreement.
• Insurances must be Comprehensive, no third part.
• One must have National ID and driver’s license.
• Introductory letter from Local Government.
• Bank statement of not less than 6 months.
• National ID of the guarantor.
• 2 Passport size pictures.
• (For a Quick Cash Loan) One must have an active main personal secured loan with Fanikiwa Microfinance Ltd and not in arrears.