Certificate of business registration/incorporation
Memorandum & articles of association (for Corporate and SME)
Latest 6 months bank statements (12 months if Business is seasonal in nature)
Proforma invoice from the dealer/vendor
Latest 3 year financials, tax clearance certificate and cash flow projections. Audited financials are required for higher exposures. (For Corporate and SME)
Copies of contract where asset sought is to meet contractual requirements. (For Corporate and SME)
Urunana product is offered for Community Banking, basically group of people who have self-selected into groups of min 8 to max 15 individuals. The priority is given to Low income and micro entreprenuers particularly women and youth living inperi - urban and rural areas
Ubwizerane is a graduation product offered to Community bank customers who have demonstrated growth, and who require larger loans to continue growing their businesses, and who have a good repayment record.
£3,682
Crops can be: Seasonal Repayment holiday with monthly interest
Livestock can be: 1 to 6 month grace period then monthly principal and interest (P&I)
Clients/prospects in the various business units’ target markets fulfilling the risk acceptance criteria set by the Bank, but with a proven record of monthly income to be channelled in our books.
£1,472,727
The IPF will be used to finance all types of insurance policies except medical and life insurance policies.
The Bank will only finance premiums for insurance policies that are current and continuing or newly written policies.
A commitment from the insurance company guaranteeing the repayment of the unutilized premium portion in case the customer fails to honor its repayment obligations within a period not exceeding 7 days.
Upfront payment of first two installments.
Personal guarantee of the shareholders for the total facility amount plus accrued interests.
Additional collaterals may be requested depending on the risk profile of the client.
This product targets mainly active clients particularly women and youth. These are clients who are graduated from the community bank to join the Solidarity group after finishing a certain number of cycles for them to access a high loan amount
Safi product is targeting Self help groups and Voluntary Savings and Loan Association (VSLA's) in the deep rural areas. We partner with NGO’S who link their Savings Groups with VFR to access higher loans.
£3,682
Matured groups after 12months of formation
Repayment frequency:Monthly
Recomemded by an NGO / Facilitating Agency / Local Authority
ID cards,
Group constitution,
Recommendation from cell phone company
6
Project finance, Agriculture Finance and Equipment loan
The Financing Gateway provides you with a free listing of the many financing instruments available for MSMEs. It enables you to filter the instruments that match your needs and click through to the –financing provider’s Internet pages or Contact agent details to find out more and apply.