THE BRANCH MANAGER.
NATIONAL BANK OF COMERCE (NBC),
P. O.BOX 112,
ARUSHA.
Dear Sir/Madame,
REF: APPLICATION FOR LOAN FACILITY OF TSHS. 100,000,000
(ONE HUNDRED MILLIONS TZS ONLY)
Kindly refer the heading above.
I hereby present my application for loan facility of one hundred million Tanzania shillings (TSHS. 100, 000, 000) of which tenor is projected to be two years following approval.
I am dealing with hotel services or operations under the business name of SARAFINA HOTEL since January 2008 but officially registered under business name cap 212 on March, 2008.
Due to increase in number of tourists, I have decided to expand the hotel for satisfying the larger number of customers. Hence I have to raise the extra working capital in order to expand the size of the hotel.
On implementing my plan; I request your bank a loan of TSHS. 100, 000, 000/= of which repay ability is projected to twenty four months following approval.
If my application will be successively considered; I will pledge my legal owned Sarafina Hotel serve as collateral security against this application.
Precisely consider my request,
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General Manager Sarafina Hotel
1. BUSINESS PROFILE.
Sarafina is a Hotel established in January 2008 mainly specialized in provision of hotel services. It deals with the provisions of food stuffs and shelter for tourists both from inside and outside the country. It also provides tour