Hifadhi Biashara

Hifadhi Biashara English translates ‘to preserve business’ is a microinsurance policy designed to protect the livelihoods of small business owners in Tanzania from the common perils of their everyday routine.

Currently we have had numerous incidents of fire in different local markets in Tanzania example in Kariakoo market, Karume and Mbagala market in Dar-es-salaam and many other across the country.

However, most insurance policy(s) requires a customer to fill in some paperwork and premiums charges are high where as with Hifadhi Biashara insurance customer will not be required to have any paperwork filled and will be able to get a cover for 7,000 TZS per month as premium charges for material damage, loss of money, burglary, Funeral expense and Rent cover in a digital ways.

This microinsurance policy is tailored for business owners, owning small & medium businesses (SMEs) such as wakala stores, barber shops, market traders, salons, groceries shops, butcher shops, tailors, and other small business owners and retailers.