This is a working capital loan product for entrepreneurs with existing businesses meant to help boost the businesses.
Features
- Loan Size: Ksh50,000 – Ksh10 million
- Processing Time: 48 hours
- Security and Collateral: Title deeds, Log books, Shares or Fixed Deposits
- Third party security arrangement is applicable
- Grace Period – 1 month
Benefits
- Flexible security requirements
- Loan processing and disbursement within 48 hours
- Competitive interest rates
Requirements
- 6 months certified bank statement
- Licenses and necessary permits
- Business Registration Certificates where applicable
- Sketch Map Area of Residence and business premises
- ID and PIN copies of business owners & Company directors
- Copy of company PIN and Certificate of Registration for companies
- Copy of VAT Certificate where applicable
- Resolution to borrow for partnerships and companies
- Memorandum and Articles of Association for companies
- Current tax and company returns
- Copy of utility bills i.e. water and or electricity
- Evidence of business i.e. contracts, receipts of business transactions etc.
- 2 passport size photos