Loan Product Details

Loan Product Details

Individual Loan Product
Target Market
  • Individuals, partnerships or private limited companies requiring to finance short term contracts and orders for supply of goods and services.
Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Requirements
  • National ID.
  • Business Registration certificate
  • Guarantor Letter and ID
  • Proof of residence – sketch map
  • Passport size photo
  • Physical Collateral (perfection may align concurrent with execution of contract)
  • Valid /authenticated Purchase Order/Contract
Thresholds
  • Above K30.0 million to K250.0 million
Collateral Requirements
  • Cessation of Contract or Order proceeds Agreement.
  • Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
  • Furniture, Fixtures and fittings
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