Tanzania

Faidika commenced lending operations in Tanzania in 2006 as a subsidiary of Letshego Holdings Limited (LHL). In November 2015, LHL acquired 75% of Advans Bank Tanzania Limited, a commercial bank with mobile, agency and internet banking platforms.

Faidika

Almost a decade after its inception in Tanzania, Faidika is the fourth largest contributor to the Letshego group. Furthermore, we assist customers in over 90% of government districts. Faidika, which is Swahili for "benefit", predominantly offers consumer finance products to its customers. Our customers have improved their lives over the past decade by channelling this funding to their education, health, housing and small business needs. Through our responsive and appropriate loans, we have managed to grow our customer base over the years in excess of 50,000. Customers are retained because of the simple terms and conditions of the credit solutions offered, the focus on productive and rewarding use, and the fast turnaround time. Faidika has a total of 16 main access points and 89 satellite offices across the country.

Letshego Bank (T) Limited

Letshego Bank has a smaller footprint and customer base than Faidika; however we are growing rapidly and allowing our customers in the formal and informal sector to optimize the use of inclusive financial products through both Faidika and Advans Bank Tanzania.

Faidika

Our Products

Product Name Min Term (Months) Max Term (Months) Min Loan Amount
(TZS)
Max Loan Amount
(TZS)
Personal Loans 6 60 200,000 20,000,000
Executive Loans 6 60 10,000,000 30,000,000

Faidika

Contact Us

Branch Name

Physical Address Telephone
Dar es salaam PPF Tower,First floor,Ohio/Garden Street  (+255) 22 2124854/5
Arusha  Summit Centre Building (+255) 27 2547204
Mwanza  NHC House (+255) 658 555270
Dodoma  Mtendeni (Uhindini) Plot no.3, Block R (+255) 26 2324477
Iringa  Bibi Titi Street,Gangilolonga Area,Iringa Municipality Plot no.53 B (+255) 26 2702799
Rukwa  Jamati Street,Mazwi (+255) 25 2800525
Moshi  Plot no. 31,New Street  (+255) 27 2752120
Ruvuma  TTCl Building old Tanesco Road Street (+255) 25 2602586
Morogoro  Nunge Street,Old Dar salaam Road (+255) 717 414748
Tanga  Market Street/Clock Tower (+255) 27 2647442
Tabora  NSSF Building,Mihayo Street (+255) 768 007254
Mtwara  Uhuru road,opp NSSF Building (+255) 23 2334327
Mbeya  Acasia Street,Block No. 3 (+255) 658 555219
Lindi  Ghana and Uhuru Street (+255) 23 2202323
Bukoba  NSSF Building 3rd Floot (+255) 755 047 938
Kigoma  Lumumba Street opposite CRDB Bank (+255) 756 725006

Letshego Bank

Our Products

Product Name Min Term (Months) Max Term (Months) Min Loan Amount
(TZS)
 Max Loan Amount
(TZS)
Express Loans 3 9 200,000 2,000,000
Micro Loans 3 9 2,000,000 5,000,000
Business Loans 3 12 5,000,000 20,000,000
SME Loans 3 24 20,000,000 150,000,000
Mtaji Loans 3 60 5,000,000 200,000,000

Letshego Bank

Contact Us

Branch name Physical Address Telephone
Manzese Branch Plot No. 93 Morogoro Road, Manzese Darajani (+255) 658 555009
Kariakoo Branch Kariakoo street/ Lumumba opp. Harare Inn Hotel (+255) 658 555130 
Temeke branch Plot No. 137, Chang'ombe Usalama, Opposite Temeke primary court (+255) 658 555248
Mwanza Branch Lumumba Road opposite Mayi Hotel (+255) 658 555270 
Mbeya Branch Soweto, Former Royal Zambezi (+255) 658 555219