Main features

• Business/economic activity
  
  
• Interest on loan: 3.16% per month on a reducing balance
  
  
• Loan amount: 100,000= – 30,000,000=
  
  
• Loan period 1 – 24 months
  
  
• Grace period – one month on request by the client
  
  
• Repayment frequency is monthly

Requirements

• Application fee 20,000

• Collateral in form of loan security fund and the asset purchased eg. land titles, log books, sales agreements, and collateral substitutes.

• 1% Insurance on all Loans against death and disability.

• 5% initial deposit (refundable after loan repayment)

• 4% Loan Processing fee

• Credit Reference Bureau Report