Enabling people to achieve their full potential, through simple and clear solutions.

Who we are

Xtenda Finance (Tanzania) Limited is a microfinance institution offering payroll backed loans to all Government employees. The company was established in 2012 as Wezeshwa Fund Limited and was acquired by the current shareholders in May 2018. It is not regulated by the Bank of Tanzania but a new microfinance Act is currently in Parliament for approval which will give the Bank the powers to regulate the industry. It is projected that the new legislation will be in place during the second half of 2019. Xtenda Tanzania has its head office located in Dar es Salaam.

What we do

Xtenda Tanzania is a subsidiary of Xtenda Financial Holdings Limited (XFHL) - a Mauritius-registered retail financial services group that offers a range of financial products and services to the retail market, which is often overlooked by the financial banking sector.

Xtenda Tanzania disburses loans to all civil servants and gets repayments using the salary deduction methodology to collect monthly instalments.

Financial assistance generally ranges between TZS100,000 and TZS40,000,000, granted in local currency with loan periods of between 3 and 96 months. The loan period is determined by the client and the cost of the loan is subject to current market trends, where Xtenda offers a competitive advantage to similar facilities offered by other recognized financial institutions in the market.

Preference is generally given to employees requesting financial assistance for children’s education, farming inputs, household goods, medical and funeral expenses, home improvement etc:

Why choose us

  • We create innovative financial products and services for all our customers.
  • We ensure competitive pricing supported by high quality service.
  • We develop products to help all Tanzanians improve their lifestyle.
  • We pride ourselves on giving back to all our customers.

Xtenda Financial Holdings Limited (XFHL) is a Mauritius-registered retail financial services group offering a range of financial products and services to the retail market, which is often overlooked by the formal banking sector. The group began operating in late 2015.