Get Your BOT Microfinance License in Tanzania
Start and operate your microfinance business legally with expert guidance through the Bank of Tanzania licensing process.
What is a BOT Microfinance License?
A BOT Microfinance License is an official authorization issued by the Bank of Tanzania that allows businesses to operate microfinance services legally in Tanzania.
Eligibility & Requirements
- ✅ Registered company or individual business (business name)
- ✅ Meet the BOT minimum capital requirements
- ✅ Prepare all mandatory documentation as required by BOT
Permitted Business Names
- ✅ Microfinance
- ✅ Credit
- ✅ Finance
- ✅ Financial Services
- ✅ Microcredit
📝 How It Works – BOT Microfinance License Process
- ✅ Consultation & Eligibility Check
- ✅ Document Preparation
- ✅ Application Submission
- ✅ Follow-Up & Clarifications
- ✅ License Issuance
💡 A fully guided process — we take care of all the complex and time-consuming official steps so you don’t have to worry about them.
💰 Costs for a BOT License
Government Fees
- ✅ 500,000 TZS – For a Company
- ✅ 300,000 TZS – For a Business Name (Individual)
Facilitation Fees
- 📄 Document preparation
- 📑 Legal drafting
- 🖇️ Stationery & processing
- 🏛️ Submission to BOT
- 🔍 Follow-up until completion
✅ 300,000 TZS – All inclusive
Total Payable
- ✅ 800,000 TZS – For a Company License
- ✅ 600,000 TZS – For a Business Name License
📄 Required Documentation
- ✅ Certificate of Incorporation or Business Name
- ✅ TIN Certificate
- ✅ Tax Clearance Certificate
- ✅ Source of capital proof
- ✅ Academic and professional certificates of key personnel
- ✅ Company Constitution (MemArts)
- ✅ Application letter
- ✅ Lending policy
- ✅ Credit reference reports
- ✅ Board resolution (for companies)
How V.A Business Consultants Can Help
- ✅ Expert consultation on BOT licensing
- ✅ End-to-end document preparation
- ✅ Application submission and follow-up
- ✅ Post-licensing compliance support
- ✅ We assist clients anywhere in Tanzania
✅ Ready to Get Your BOT Microfinance License?
Talk to us today on WhatsApp. Our experts are ready to guide you step-by-step through the entire process.
💬 Chat with Us on WhatsApp