Loan Product Details

Loan Product Details

Individual Loan Product
Target Market
  • This is a loan product that will help individuals to build and grow value-creating, sustainable businesses by enabling them to acquire equipment for their businesses on lease.
Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Requirements
  • National ID
  • Recent colour passport-size photo
  • Business profile for existing enterprises/business plans for start-ups
  • Bank statement for existing business
  • Identification letter from Village Head or local leader in an urban location
  • Cessation of the equipment being bought as collateral.
  • Police clearance report
  • Quotation for the equipment to be bought.
Thresholds
  • Above 30.0 million to K250.0 million
Collateral Requirements
  • Endorsement of NEEF as tittle holder for the item leased.
  • Note of NEEF’s interest on insurance policy
  • The proceeds of any of the foregoing
  • Personal guarantor
  • Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
  • Furniture, Fixtures and fittings
Group Loan Product
Target Market
  • This is a loan product that will help individuals to build and grow value-creating, sustainable businesses by enabling them to acquire equipment for their businesses on lease.
Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Requirements
  • National IDs for all members
  • Group color photo
  • Group constitution
  • Cross-guarantor ship
  • Business profile for existing enterprises/business plans for start-ups
  • Sketch Map to meeting place and residence of leadership (Chairman, Secretary, Treasurer & Discipline Enforcer)
  • Group Account number
  • Cessation of the equipment being bought as collateral.
  • Quotation for the equipment to be bought.
Thresholds
  • Above 30.0 million to K250.0 million
Collateral Requirements
  • NEEF endorsement as tittle holder of the item leased.
  • NEEF’S note of interest on the insurance policy.
  • The proceeds of any of the foregoing
  • Personal guarantor
  • Consent from spouse
  • Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
  • Furniture, Fixtures and fittings
← Back