Loan Product Details

Loan Product Details

Individual Loan Product
Target Market
  • INGO employees who want to venture into or are already in business. Their loan contract or the remaining part thereof cannot be less than the loan term proposed.
Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Requirements
  • National ID
  • Recent colour passport-size photo
  • Bank statement for salary account (3 months)
  • Letter from employer confirming employment status.
  • Copy of Employment Contract
  • Three most recent pay slips.
  • Personal Guarantor Physical Collateral where appropriate
  • Sketch Map to residence
  • Copy of Bank certified Standing Order/Debit Order Instruction.
Thresholds
  • Minimum K500,000 to Maximum of applicant’s repayment capacity.
Collateral Requirements
  • Job contract from their organization
  • Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
  • Furniture, Fixtures and fittings
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