There’s strength in a team
A short term or medium term credit facility that can be accessed through a group with a minimum of 5 and maximum of 35 active entrepreneurs owning individual businesses.
Why you should apply for this loan >
- Facilitates business performance and growth.
- Flexible repayment period tailored according to the borrowers capacity and or desire.
- No need for a trading license.
- No collateral or security requirements to obtain the loan.
- Competitive Interest rate.
- Can be accessed for a number of cycles as long as the client repays well.
- Loan amounts to individuals in the group ranging from Shs.50,000 – 6M.
Qualifications for this loan
- Individual borrowers with active businesses.
- Applicant must be 18 years and above.
- Credit Reference Bureau (CRB) registration
- Group solidarity.
- At least 6 months of business existence and activity.
Comes with outstanding benefits
- Groups of 10 – 35 members
- Relatively large amounts of loans up to Shs.10 Million
- No collateral or security requirements to access the loan
- Faster loan processing time (within 48 hours)