Open Loans Tanzania

A social network that allows borrowers to access loans from millions of lenders in Tanzania. It also allows lenders to have direct access to millions of borrowers. From mobile money lenders to traditional salary advance companies to instant mobile loans in Tanzania, Open Loans Tanzania connects borrowers and lenders from Dar Es Salaam to Mwanza to Arusha, etc. The idea is to create a very efficient loans marketplace in Tanzania.

Open Loans Tanzania also provides Tanzanians with investment opportunities. A private person in Tanzania with excess cash can use the app as a way to invest. He can lend the money to another Tanzanian he finds on Open Loans Tanzania and earn an interest. He can secure himself by taking possession of security such as a car or a title deed.

Borrowers in Tanzania can borrow from private persons as well as banks and other financial institutions in Tanzania that they find (or find them on Open Loans Tanzania).