SKILLED MEN ARTISAN LOAN

Groups or Individual men who have acquired skills from different institutions and programs such as TEVET, Colleges & technical schools, Government internship.

Group Application Requirements

  • National IDs for all members
  • Group constitution
  • Cross-guarantorship
  • Business profile for existing enterprises/business plans for start-ups
  • Certificate of competence for the skills professed (for artisans’ start-ups)
  • 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)

individual Application Requirements

  • National ID
  • Sketch map to residence or place of business
  • Business Registration Certificate
  • Letter of personal guarantor
  • Passport Sized Photo (Colour)
  • Personal Guarantor
  • Guardians’ Consent for Collateral and Loan
  • Letter from local leader
  • Certificate of competence for the skills professed

THRESHOLD

  • GROUP: K2,500,000 to   K30,000,000  


  • INDIVIDUAL: K250,000 to   K30,000,000

TARIFFS AND INTERESTS 

    •  Processing fee: 3.5%
    • Insurance:1%
    • Interest: 4.0% pm

REPAYMENT PERIOD 

  • 6 to 36 months

TURN AROUND TIME

  • 21 working days