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
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National IDs for all members
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Group constitution
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Cross-guarantorship
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Business profile for existing enterprises/business plans for start-ups
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Certificate of competence for the skills professed (for artisans’ start-ups)
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Identification letter from Village Head or local leader in an urban location
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Sketch Map to meeting place and residence of leadership (Chairman, Secretary and Treasury)
individual Application Requirements
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National ID
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Sketch map to residence or place of business
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Business Registration Certificate
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Letter of personal guarantor
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Passport Sized Photo (Colour)
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Personal Guarantor
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Guardians’ Consent for Collateral and Loan
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Letter from local leader
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Certificate of competence for the skills professed
THRESHOLD
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GROUP: K2,500,000 to K30,000,000
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INDIVIDUAL: K250,000 to K30,000,000
TARIFFS AND INTERESTS
Processing fee: 3.5%
Insurance:1%
Interest: 4.0% pm
REPAYMENT PERIOD
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6 to 36 months
TURN AROUND TIME
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21 working days
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