Tanzania Mortgage Refinance Company Ltd
To become the preferred secondary market intermediate for mortgage financing in Tanzania.
To expand home ownership in Tanzania by providing long term financing to primary mortgage lenders.
Tanzania Mortgage Refinance Company Limited (TMRC) is a private sector institution owned by the banks with sole purpose of supporting banks to do mortgage lending by refinancing banks’ mortgage portfolios.
TMRC is now fully operational having refinanced Azania Bank Ltd to the tune of TZS 4.2 billion. TMRC was founded by five shareholders with no single shareholder owning more than 33 per cent of the equity, minimum equity subscription is TZS 500m.
Bank of Tanzania (BOT)
Ministry of Finance
Ministry of Lands, Housing and Human Settlements Development
Watumishi Housing Company
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