Loan Product Details

Loan Product Details

Individual Loan Product
Target Market
  • SMEs (individuals or partnerships) in established Agri-enterprises to assist with farm mechanization,
  • value addition, among others
Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Requirements
  • National ID
  • Bank statement (minimum of 6 months)
  • Business records (income statement, balance sheet, cash flow statement)
  • Business profile including relevant business licenses and certificates.
  • Physical collateral-
  • Letter from local leader
  • Sketch map (residence and business premises)
  • Guarantor’s Letter and his/her National ID,
  • Spouse consent letter (where applicable) and his/her National ID
  • Memorandum and Articles of Association for private limited companies.
  • Police clearance report
  • Passport Size Photo (Colour)
  • Business Plan with indication of the demand and supply chain
Thresholds
  • Above K30.0 million to K250.0 million
Collateral Requirements
  • Landed Property
  • Vehicles
  • Plant and Equipment
  • Livestock
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