Tanzania Mortgage Refinance Company Ltd

Introduction

Vision
To become the preferred secondary market intermediate for mortgage financing in Tanzania.

Mission
To expand home ownership in Tanzania by providing long term financing to primary mortgage lenders.

About Tanzania Mortgage Refinance Company Ltd
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.

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