Basic Information

Name: Onfon Microfinance Limited

Office Address:
 3rd Floor, Emirates Building, Block D, Shekilango Road, Sinza-Madukani, Dar es Salaam
 P.O. Box 90099, Dar es Salaam

Contact:
 Phone: +255 748 770 112
 Email: info@onfonmicrofinance.co.tz

 Website: onfonmicrofinance.co.tz
 Customer portal: portal.onfonmicrofinance.co.tz
 Social media: Instagram (@onfonmicrofinance), Facebook, etc.

Services & Activities

Provides instant loans and financing of electronic devices, especially smartphones.

Promotes “Kamata simu janja, lipa kwa awamu” — encouraging installment payments for smart devices.

Offers credit support to individuals and small businesses.

Regulatory Status

Listed by the Bank of Tanzania as a Tier-2 microfinance institution.

Operates under license number MSP2-0955.

Classification as Tier-2 means it is a regulated microfinance company but not a full commercial bank.

Strengths, Challenges & Observations

Strengths:

Strong niche in consumer electronics financing, making smartphones and devices accessible through installment plans.

Active on digital platforms with a mobile app and online customer portal.

Challenges:

Limited publicly available data on financial performance (assets, profitability, loan portfolio).

Lack of clear details on interest rates, repayment terms, or customer protection measures.

Smaller institutions like Onfon often face higher risks in credit management and regulatory compliance compared to larger banks.