Empowering Health
Professionals
Through Unity
HVSIL is a voluntary community of health professionals united by a shared vision — mutual financial growth, social support, and the bonds of brotherhood. Founded in 2019, we invest in each other and in our future.
Who We Are
About HVSIL
A Community Built on Trust and Shared Purpose
The Health Visionaries for Saving and Internal Lending (HVSIL) was founded on March 10, 2019, by sixteen dedicated health professionals who recognized the power of collective action. Headquartered in Lindi MC, Lindi Region, HVSIL is a voluntary, non-political, non-religious, and non-tribal organization.
Our group was established with a clear mission: to empower health professionals through structured savings, internal lending, and joint investment projects. Beyond finances, HVSIL fosters a spirit of brotherhood — members support each other through illness, bereavement, and life's many challenges.
Every two years, members share in the profits generated from their collective savings and loan interest, ensuring that the group's growth translates directly into individual prosperity. HVSIL is more than a savings group — it is a family of professionals committed to each other's advancement.
Our Core Values
Integrity
We uphold the highest standards of transparency and accountability in all financial dealings.
Brotherhood
We stand together in times of joy and hardship, building lasting bonds among health professionals.
Growth
We invest collectively in projects and savings that multiply the economic wellbeing of every member.
Compassion
We extend support beyond finance — caring for members and their families during illness and bereavement.
What We Offer
Our Services & Activities
HVSIL provides a comprehensive range of financial and social services designed to uplift every member — from structured savings and accessible loans to investment opportunities and compassionate community support.
Monthly Savings
Members currently contribute TZS 150,000 per month (revised from the founding rate of TZS 100,000 in 2019), with a maximum of TZS 1,000,000. An initial capital contribution of TZS 200,000 establishes each member's foundational stake in the group.
Internal Lending
Members access loans of up to TZS 15,000,000 with a 10% interest rate and repayment terms of up to 24 months, supporting members through planned needs and emergencies alike.
Investment Projects
The group collectively invests in income-generating projects, including regular deposits into UTT (Unit Trust of Tanzania) funds. Profits are shared among all members proportional to their shareholding, with investment decisions made democratically.
Bereavement Support
Upon the loss of a parent, spouse, or child, a member receives TZS 1,000,000 from the group fund. For any bereavement occurring at a member's home, TZS 500,000 is provided immediately.
Profit Sharing
Every two years, members receive a dividend based on their total share contributions. This cycle ensures steady, compounding returns and rewards long-term commitment to the group.
Quarterly Meetings
Members gather every quarter to review finances, discuss investments, and strengthen community bonds. Leadership meetings are held twice yearly to prepare comprehensive reports for the general assembly.
Financial Empowerment
Every contribution grows your stake and your future returns.
Community Brotherhood
Standing together in hardship, celebrating together in joy.
Join the Group
Membership
HVSIL welcomes health professionals who share our values of integrity, mutual support, and collective growth. Membership is open to all qualified health professionals who agree to abide by the group's constitution.
Founding Members
16 Founding Members
The sixteen health professionals who established HVSIL on March 10, 2019. Founding members hold the exclusive right to stand for election to all leadership positions, including Chairperson, Vice Chairperson, Secretary, and Treasurer.
Associate Members
New Joiners
Health professionals who join HVSIL after its founding. Associate members enjoy full participation rights, access to all financial services, and social support — after completing a three-month probationary period without financial services.
Financial Contributions
| Contribution Type | Amount (TZS) | Notes |
|---|---|---|
| Entry Fee | 25,000 | One-time, non-refundable |
| Initial Capital | 200,000 | Required at joining |
| Monthly Savings (Minimum) | 150,000 | Current rate (was 100,000 in 2019) |
| Monthly Savings (Maximum) | 1,000,000 | Members may contribute more |
| Absence Fine | 10,000 | Per unexcused meeting absence |
Member Rights
- Full participation in all group meetings and discussions
- Eligibility to vote and elect group leadership
- Access to internal loans after 3 months of active membership
- Participation in group investment projects
- Social support during illness and bereavement
- Biennial profit sharing proportional to shares held
- Founding members hold the right to stand for leadership positions
Member Obligations
- Pay the non-refundable entry fee of TZS 25,000
- Contribute initial capital of TZS 200,000
- Make monthly savings of TZS 100,000 – 1,000,000
- Attend all quarterly meetings or provide advance notice
- Repay loans on time as per the agreed schedule
- Uphold the group's constitution and code of conduct
- Pay fines for unexcused absences (TZS 10,000 per meeting)
Loan Terms
Loans are issued at 10% interest on the total amount borrowed. Members may borrow up to a maximum of TZS 15,000,000, repayable over a maximum period of 24 months, subject to fund availability. A member must be free of existing debt before applying for a new loan. Emergency loans (chap chap) are available and repayable within two to four weeks.
Our Leadership
Governance & Leadership
HVSIL is governed by a democratically elected leadership team. All leaders are elected every two years by the general membership, ensuring accountability and fresh perspectives in guiding the group's mission.
Key Responsibilities
- Guardian and custodian of the group's constitution and values
- Presides over all group meetings and executive committee sessions
- Provides strategic direction and leadership to the group
- Authorized signatory on all financial documents
Key Responsibilities
- Supports the Chairperson in all leadership duties
- Acts as Chairperson in the absence of the principal
- Assists in coordinating group activities and initiatives
- Authorized co-signatory on financial documents
Key Responsibilities
- Coordinates all group activities and programs
- Maintains accurate records of all group decisions
- Prepares and distributes meeting agendas and minutes
- Authorized co-signatory on financial documents
Key Responsibilities
- Manages collection and recording of all group income
- Presents financial reports at every scheduled meeting
- Maintains share records for each member
- Primary signatory on all financial transactions
Executive Committee
Secretariat of HVSIL
The Executive Committee (Secretariat) consists of the four elected leaders — Chairperson, Vice Chairperson, Secretary, and Treasurer — plus two additional members elected by the general assembly. The committee is responsible for day-to-day governance, conflict resolution, loan approvals, and preparation of meeting agendas.
Founding Members
HVSIL was established by the following sixteen founding health professionals, whose vision and commitment laid the foundation for everything the group stands for today.
Get in Touch
Contact & Join Us
Interested in joining HVSIL or have questions about our group? Reach out to us and a member of our leadership team will respond promptly.
Our Information
Membership Eligibility
HVSIL is open to all qualified health professionals who:
- Hold a recognized health profession qualification
- Agree to abide by the group's constitution
- Are willing to make regular monthly contributions
- Commit to active participation in group activities