Great features

Ushonaji Plus is an asset loan product designed to empower women and youth entrepreneurs in tailoring and Fashion Design Sector by providing access to financing for modern sewing machines and equipment. It’s developed to improve product quality, increase production capacity, and promote growth within the tailoring and fashion design sector.
Key Loan Features:

• Loan Amount: TZS 1,000,000 to TZS 10,000,000
• Down Payment: 20% of the asset value

What you require to sign up

• Must have an active Equity Bank account.
• Must operate a business that has been running for at least 6 months.
• You must possess a valid Business License and TIN.
• Must provide 2 Guarantors.
• Must have a Shop or Rental Agreement.

Why you should sign up for this product

Ushonaji Plus Partners

JUKI Tanzania and JACK Tanzania
Ushonaji Plus is further strengthened by partnerships with JUKI Tanzania and BEST SEWING MACHINE, leading suppliers in the tailoring equipment industry. Our partners will be supplying modern, high-quality sewing machines directly to our customers. Beyond equipment, these partners will provide comprehensive technical support and a one-year warranty,ensuring a customer receives reliable tools and sustained service to maximize productivity.

How to Apply for Ushonaji Plus
The Ushonaji Plus loan is available at all Equity Bank Tanzania branches. Visit your nearest branch to access this empowering financial solution.

Download application form