Let’s facilitate your business transactions
A short-term credit facility for groups of at least 5 active entrepreneurs.
Why you should apply for this loan
Facilitates business performance and growth
Flexible repayment period
No need for a trading license
Flexible collateral
Competitive interest rates
The loan can be offered on a repeat basis depending on repayment history
Affordable loan amount ranging from Shs. 300,000 – 4 million
Each individual member is able to get a loan when they need it
Loan Qualifications
Individual borrowers with active businesses
Applicant must be 18 years and above
At least 6 months of business existence and activity
Group solidarity
CRB registration
Groups with a minimum of 5 members willing to make a joint guarantee
Group benefits by earning 3% interest per annum
Limited withdrawals, i.e, one withdrawal per week. Extra charge of Shs 5,000 for every additional withdrawal in the same week
Comes with outstanding benefits
Credit facility of up to Shs. 4 Million
The group is self-managed
Group meets with its own determined schedule
Flexible repayment terms and periods of 3 – 12 months
Faster loan processing time (48 hours or less)
No need for members to first save with FINCA Uganda before accessing the loan
Loans are approved by group members
