Tanzania Mortgage Refinance Company Limited (TMRC)
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Tanzania Mortgage Refinance Company Limited (TMRC) is a specialized financial Institution that provides long-term funding to other financial institutions for the purposes of mortgage lending. TMRC is a private sector institution owned by banks. TMRC has the objective of supporting financial institutions to do mortgage lending by refinancing Primary Mortgage Lenders' (PMLs') mortgage portfolios. This type of lending is also known as wholesale or secondary market lending. TMRC will neither take deposits nor lend directly to individuals. TMRC will refinance mortgage loan portfolios rather than individuals mortgage loans and cater to banks rather than individual borrowers.
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