Built for Tanzanian SACCOS, Tier 2 microfinance service providers and community lenders: shilling books, M-Pesa and Airtel Money repayments posted against the loan, and the portfolio figures the Bank of Tanzania asks a licensed provider to report.
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Built for Lenders in Tanzania
Lendbox gives a SACCOS or microfinance service provider in Tanzania one shilling loan ledger with accounting under it, so the figures in a Bank of Tanzania return and the schedule a member sees come from the same loan record. See how Lendbox compares with other software for loan management.
How a Tanzanian microfinance provider runs its book on Lendbox
A Tier 2 microfinance provider or a SACCOS in Tanzania runs on member meetings and mobile money. Lendbox keeps the stages below on one record per loan.
Add the member with the NIDA number and mobile money line on file, or import the register from a spreadsheet, and let AI document verification check the uploaded ID or payslip.
Set up an individual loan, or a group loan with each member's share of the principal recorded separately, with the schedule priced the way your product sheet says.
Route the loan through the committee's approval ladder, record the payout to the member's M-Pesa or Airtel Money line or bank account, and let the ledger post the entries.
Post M-Pesa, Mixx by Yas and Airtel Money repayments against the loan as they land, or the week's collections as one bulk batch. Reminders go out by SMS, email or WhatsApp.
Ageing buckets and portfolio at risk by product, branch and officer give the days-past-due figures a tier return is built on, drawn from the loans rather than tallied at month-end.
Lending in Tanzania
Tanzania's Microfinance Act sorts providers into tiers, from deposit-taking institutions down to community groups, and keeps SACCOS under cooperative law. Each tier has its own licensing and reporting, but all of them answer for the quality of the loan book.
Bank of Tanzania (Microfinance Act, 2018)
Tier 1 deposit-taking microfinance institutions and Tier 2 non-deposit-taking providers are licensed and supervised by the Bank of Tanzania. Lendbox supplies the credit-side ledger with double-entry accounting, trial balance, P&L and balance sheet behind every loan.
Tanzania Cooperative Development Commission, with Tier 3 oversight
Savings and credit cooperative societies are registered under cooperative law and report on their loan books. Lendbox runs the lending side of a SACCOS: loan records, repayments and arrears; savings and share registers stay in the system you keep them in.
Tier 4 community microfinance groups
Village community banks and savings groups lend to members from a shared pool. Lendbox's group loans record each member's share of one loan, so a group repayment is split and tracked per member.
Credit reference bureaus licensed by the Bank of Tanzania
Licensed providers share repayment data with the bureaus. Lendbox keeps the full repayment history per borrower, so the record you report from is the one your officers see.
NSSF, PAYE and NHIF
For providers running staff loans, the payroll module's Tanzania preset applies NSSF, PAYE and NHIF and deducts staff loan repayments on the pay run.
Sources · Bank of Tanzania — Microfinance supervision · Microfinance Act, 2018 · Tanzania Cooperative Development Commission · Reviewed .
Money in Tanzania
The book, statements and reports run in Tanzanian shillings. Repayments reach you on M-Pesa, Mixx by Yas or Airtel Money, and Lendbox records them against the loan; it does not sit in the mobile money flow.
Set the workspace currency to Tanzanian shillings once and every loan, schedule, statement and financial statement follows.
Record an M-Pesa, Mixx by Yas or Airtel Money repayment on the loan when it lands, or upload a centre meeting's collections as one batch from the Excel template.
Staff loans and payroll run in the same workspace, with the Tanzania statutory preset applied to each pay run.
Pricing
Plans are priced in US dollars and paid by card; the Tanzanian shilling figures below are an indicative conversion, refreshed from the rate, for comparing against what the SACCOS pays for software now. See the full loan management software pricing in Tanzania.
Prices shown in Tanzanian Shilling (TZS)
TZS 67,000
/month
Billed yearly at TZS 800,000
TZS 240,000
/month
Billed yearly at TZS 2,900,000
TZS 360,000
/month
Billed yearly at TZS 4,300,000
TZS 500,000
/month
Billed yearly at TZS 5,900,000
Yes. Set the workspace currency to TZS and every loan, schedule, member statement and financial statement is in Tanzanian shillings. Lendbox runs the lending side; savings and share registers stay where you keep them.
An officer posts each repayment against the loan when it lands, or you upload a collection round as one bulk batch from an Excel template. Lendbox does not connect to the Tanzanian mobile money networks, so nothing is pulled automatically.
Yes. A group loan records each member's share of the principal, and a repayment from the group is split and tracked per member, so you can see which member is behind without unpicking the group total.
Lendbox produces the numbers a tier return is built from: days past due per loan in the ageing buckets, portfolio at risk by product, branch and officer, and a trial balance, profit and loss and balance sheet from the double-entry ledger. Arranging them in the Bank of Tanzania's format is your step, and Lendbox never files the return.
Yes. The payroll module ships a Tanzania preset with NSSF, PAYE and NHIF, and staff loan repayments are deducted on the pay run. Lines your HR policy adds are configured per employee.
The marketing site is available in Swahili at lendbox.io/sw. The lending dashboard itself is in English; Swahili borrower-facing templates can be written in the document editor.
The entry plan, Basic, is for a single branch with one staff login; Business and Growth add branches and staff for a SACCOS with several offices. Plans are charged in US dollars by card, and the pricing grid on this page converts them into shillings at an indicative rate for comparison.