Equity Bank – EquiMama Loan

Posted 6 months ago


A loan intended for women to kick-start or advance their businesses. Why Choose the Equi-Mama Loan? Medical Insurance; The loan comes with an insurance cover that includes; • Maternity Benefits • Hospital Cash Payout • Critical Illness Cover • Permanent Disability • Catastrophe extension cover • Life Insurance • Funeral benefits Financial Literacy and entrepreneurship training for Women in Business Low interest rates Favorable payment terms Supportive group-based model

Funding Procedure

Visit an Equity Bank branch or call 0312 327 000 to get started. WHAT YOU NEED TO GET STARTED: For groups: A group must comprise 10 members or more A group must have an account with Equity Bank A group must be registered with a relevant registration body For individuals: An income-generating activity A digitized Equity Bank account A financial card Membership in a group or VSLA

Target Impact




Features Collateral/guarantees: 10% cash collateral, two immediate guarantors, group guarantees, and partner guarantees Loan term: Maximum of up to 24 months Grace period: Minimum of 3 months to a maximum of 6 months (for agricultural businesses) Repayment frequency: Quarterly, Biannual Loan amounts: Individual women (min UGX 3,000,000, max UGX 5,000,000); Women groups/VSLAs (max UGX 40,000,000) Interest rate calculation: Reducing balance