Loan

Business Loans

– Extension of credit facilities to already existing micro business
– Interest rate of 3% per month reducing balance

School fees loans

– Interest rate is 3% per month reducing balance

Savings and shares-linked Loans

• – Microloans ranging from small amounts to moderate funding
  – Borrowing limit based on a percentage of savings and shares (e.g., 2:1 ratio)
  – Lower interest rates to incentivize saving behavior.
  – Loan must at least be 3 times less than what is on the account
  – Active guarantors with equivalent shares and savings holdings.
  – Financial counselling to teach budgeting and saving skills.

Agricultural Loan

• – Poultry
  – Animal rearing
  – Agricultural products
  – Value addition
  – Interest rate of 3% per month reducing balance
  – Payable monthly, quarterly.

Start-Up Business Loans

• – Microloans ranging from small amounts to moderate funding
  – Grace period of 3-6 months before repayments start
  – Business mentoring support and training included
  – Target is the youth who are working together in groups especially those who are out of school

Asset financing

– Payable within 24 months.

Emergency loan

– Interest rate 15% per month
– Payable in 6 months

Salary loans

– Valid running contracts.

Institutional loans

• – Microloans ranging from small amounts to moderate funding
  – Bank statements for the last 3 months
  – Recommendation letter from the directors.
  – Copy of the recent audited financial reports
  – Legal documents; list of directors, operating license.
  – Resolution to borrow.