Are you in business? This is the right loan product for you
The Small Enterprise Loan is a short-to-medium term credit facility specially designed to finance Small and Medium Enterprises [SMEs].
Why you should apply for this loan
Quick loan processing time (in 48 hours or less*)
Working capital loans of up to Shs. 340 million
Flexible repayment terms and periods of 3 – 36 months
Flexible loan repayments inclusive of grace period where deemed necessary
Flexible loan purpose. Loans are approved dependent on the applicant’s needs [re-stocking, import clearance, construction, etc.]
Loan amount is dependent on business performance hence light burden on the client
Flexible collateral requirements
Negotiable interest rates
* Upon submission of proper documentation
Qualifications for this loan
Individuals or companies with active businesses
Applicant must be 18 years and above
At least 6 months of business existence and activity
Possession of a trading license
Credible Guarantor
Credit Reference Bureau (CRB) registration
Comes with outstanding benefits
You may do occasional top-ups subject to terms & conditions
Easy loan renewal upon completion
Collateral substitution is allowed
Loan is tailored to facilitate business performance and growth
You can easily pay back using MTN and Airtel push services