Loan Product Details

Loan Product Details

Individual Loan Product
Target Market
  • Individuals who have acquired skills from different institutions and programs such as TEVET, Colleges & technical schools, Government internship.
Objectives
  • To contribute to the creation of jobs to idle skilled graduates.
  • Encourage entrepreneurial partnerships
Requirements
  • National ID
  • Colour passport-size photos
  • Partnership Deed
  • Business Registration Certificate
  • Personal Guarantor
  • Guardians’ Consent for Collateral and Loan
  • Letter from local leader
  • Sketch map to residence of place of business
  • Certificate of competence for the skills professed.
Thresholds
  • Minimum K3,000,000 to Maximum K30,000,000
Collateral Requirements
  • Personal guarantor
  • Institution guarantor e.g., TEVETA, SMED or others where possible.
  • Plant and Equipment
Group Loan Product
Target Market
  • Individuals who have acquired skills from different institutions and programs such as TEVET, Colleges & technical schools, Government internship.
Objectives
  • To contribute to the creation of jobs to idle skilled graduates.
  • Encourage entrepreneurial partnerships
Requirements
  • National IDs for all members
  • Group constitution
  • Cross-guarantorship
  • Identification letter from Village Head or local leader in an urban location
  • Sketch Map to meeting place and residence of leadership (Chairman, Secretary and Treasury, Discipline Enforcer)
  • Certificate of competence for the skills professed (for artisans’ start-ups)
Thresholds
  • Minimum K10,000,000 to Maximum K30,000,000
Collateral Requirements
  • Institution guarantor e.g., TEVETA, SMEDI or others where possible.
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