Loan Product Details

Loan Product Details

Individual Loan Product
Target Market
  • Individual youth aged from 18 years up to 35 years in business or those who want to venture into business.
Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Requirements
  • National ID
  • Business profile for existing enterprises/business plans for start-ups
  • Bank statement
  • Identification letter from Village Head or local leader in an urban location
  • Sketch Map of residence and business premises.
  • Consent from spouse (if applicable).
  • Letter of personal guarantor.
  • Passport Size Photo (Colour)
  • Tax Clearance for loans above K5 million
Thresholds
  • Minimum K3,000,000 to Maximum K30,000,000
Collateral Requirements
  • Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
Group Loan Product
Target Market
  • Individual youth aged from 18 years up to 35 years in business or those who want to venture into business.
Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Requirements
  • National IDs for all members
  • Group constitution
  • Cross- guarantorship
  • Business profile for existing enterprises/business plans for start-ups
  • Bank statement for existing business
  • Letter of consent from guardians and their National ID
  • Identification letter from Village Head or local leader in an urban location
  • Sketch Map to meeting place and residence of leadership (Chairperson, Secretary and Treasurer)
Thresholds
  • Minimum K5,000,000 to Minimum K30,000,000
  • 1st Time borrower from K5,000,000
  • 2nd Time borrower from K10,000,000
  • 3rd Time borrower K20,000,000
Collateral Requirements
  • Mutual guarantee
  • Individual members pledge collateral to Leadership. Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
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