Dar es Salaam, Tanzania, : Majority of Tanzanian businesses, particularly small and medium-sized enterprises (SMEs), continue to face challenges in accessing financing.
Common hurdles include cash flow gaps, high financing costs, fragmented business relationships, reliance on manual processes, as well as limited access to working capital often locked within supply chain cycles, which can slow operations and limit growth opportunities.
To address these challenges, Exim Bank Tanzania has launched a new financial solution, Exim Supply Chain, a fully automated Supply Chain Finance platform designed to simplify and accelerate access to financing for businesses and SMEs. The solution aims to create a more inclusive financing ecosystem by enabling both buyers and suppliers to benefit from improved access to affordable financing.
The solution enables customers to submit financing requests from their offices through an online platform, with funds disbursed within approximately 15 minutes of receiving a complete application. Exim Supply Chain offers a range of financial services, including supplier financing, payable finance, LPO financing, distributor finance, and factoring, covering both buyer-centric and supplier-centric financing needs.
The platform operates through a single integrated system managed by Exim Bank, eliminating the need for third-party intermediaries and ensuring a seamless end-to-end process from invoice submission to final settlement. Financing is provided based on the creditworthiness of the buyer, without requiring additional collateral from suppliers, dealers and other service providers.
Over time, Exim Bank Tanzania has continued to provide financial solutions addressing the broader needs of businesses, including trade finance services for domestic and international transactions, working capital financing, and investments in digital banking to improve accessibility.
The Bank has also prioritised the empowerment of women and youth as part of its broader financial inclusion strategy.
Speaking during the launch, the Chief Finance Officer of Exim Bank Tanzania said the solution forms part of the Bank’s broader strategy to enhance access to financial services for all customers.
