WOMEN ENTERPRISE LOANS

This loan is designed for groups of 10 women or individual women aged 36 – 65 years who want to venture into a business or are already in business.

Group Application Requirements

  • National IDs for all members
  • Group constitution
  • Sketch Map to meeting place and residence of leadership (Chairman, Secretary and Treasury) 
  • Cross-guarantorship
  • Identification letter from Village Head or local leader in an urban location 
  • Business profile for existing enterprises or business plans for start-ups
  • Bank statement for existing business

Individual Application Requirements

  • National ID
  • Consent from spouse 
  • Sketch Map to meeting place and residence of leadership (Chairman, Secretary and Treasury) 
  • Cross-guarantorship
  • Identification letter from Village Head or local leader in an urban location 
  • Business profile for existing enterprises or business plans for start-ups
  • Bank statement for existing business

ThreshHolds 

  • GROUP:•1st Time borrowers K500,000 to K10,000,000
      •2nd Time borrowers K10,000,001 to K20,000,000
      •3rd Time borrowers K20,000,001 to K30,000,0000		
 
  • INDIVIDUAL: K500,000 to K30,000,000

TARIFFS AND INTEREST

    •  Processing fee: 3.5%
    • Insurance:1%
    • Interest: 3.0% pm

Repayment Period

  • 6 to 24 Months

Turn Around Time

  • 21 Working Days