Yetu Microfinance Bank Plc. (YETU) is a microfinance bank in Tanzania. It is the first microfinance institution to be listed in the Dar es Salaam Stock Exchange. Yetu is a Swahili word meaning Ours. The bank offers credit products, such as solidarity group loans for clients who are organized into groups whose members serve as informal bank and cross guarantee each other's loans; Mavuno loan products to afford members of solidarity group loan who have reached a loan ceiling of TSh 3 million and would like to borrower on individual capacity; small and medium enterprises loan products, including export and import, car, business/shop improvement, business capital, and processing and manufacturing loans; SRI agricultural loans; mixed farming loans to smallholder farmers for financing various crops; and instant loans, as well as education loans. Its deposit products comprise compulsory (collateral) savings; and voluntary deposits. More information...
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