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This loan is aimed at small and medium enterprises with a monthly cashflow. These clients can include individuals and businesses. All loans in this category are secured by both guarantor(s) and collateral (movable and immovable asset
Description |
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Clientele | Small and Medium Enterprises with monthly cash flow |
Loan Guarantee | Collateral |
Loan amount | Minimum amount:USD200 Maximum amount:USD2 000 |
Maximum Term | 6 months |
Group Size | Individuals and businesses |
Repayment frequency | Monthly |
Interest rate | 10 % monthly |
Application fee plus insurance | 5% of the total loan amount |
Grace period | None |
This loan is aimed at traders with consistent daily, weekly and/or monthly cash flows. This loan requires a group guarantee and collateral pledged to the group. Repayments allow for flexibility according to the cash flow patterns of the business and the maximum term is 6 months.
Description |
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Clientele | Traders with consistent daily, weekly and/or monthly cash flows |
Loan Guarantee | Social guarantee + collateral pledged to group |
Loan amount | USD $20-USD $500 |
Maximum Term | 3 months |
Group Size | 3-10 members |
Repayment frequency | Weekly/montthly |
Interest rate | 4% weekly |
Application fee plus insurance | 5% of the total loan amount |
Grace period | None |
This loan is aimed at predominantly farming households with seasonal cash flows to stimulate agribusiness activities.
Description |
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Clientele | Farming households with seasonal (lumpy) cash flows |
Loan Guarantee | Collateral |
Loan amount | Minimum amount: USD $200 Maximum amount: USD $2 000 |
Maximum Term | 12 months |
Individual/Group Size | 3-10 members |
Repayment frequency | Monthly interest and lump sum/principal on (or before) the end-of-term |
Interest rate | 10% monthly |
Application fee plus insurance | 7% of the total loan amount |
Grace period | None |