Pamoja Account is a group savings account for informal groups (Village Saving and Loan AssociationsSaving and Internal Lending Communities) formed with purpose of saving and giving loans to its’ group members. It can easily be accessed and operated via NMB Mobile at the convenience of the group members.

With this account, groups enjoy the following:

  • Affordable initial account opening balance
  • No monthly maintenance fee
  • Attractive and competitive interest of 3% for amount above TZS 50,000/=. Interest accrued daily and payable at the year end
  • No operations fee
  • Money is safe and secured
  • Free ATM card
  • Get access to over 215 branches and over 6000 NMB Wakala Agents countrywide
  • Free NMB Mobile subscription
  • It has no transactions limits 

You only need to have the following to open Pamoja Account

  • It should be an informal Group.
  • Group constitution highlighting terms and conditions.
  • Group resolution letter with consent to open and operate account with NMB Bank stipulating the following:
    • The NMB branch where the account is opened
    • Account signatories.
    • Authorizing signatories.
    • Names, titles and responsibilities of the members
  • Introduction letter from local Government authority (Village Executive Officer/Ward Executive Officer) of each signatory.
  • Copies of identity cards of signatories i.e. National ID, Voters ID, Passport, Driving license, letter from Ward Executive Officer, Village Executive Officer or affidavit
  • Two passport size photographs with a blue background of each signatory
  • Minimum opening balance of TZS 30,000

For more assistance, please visit your nearest NMB branch or call our toll free number– 0800 002 002