Loan/Debt
Equity Bank – Young Africa Works Loan Product
Description
The YAW loan is designed to address the challenges of low access to credit by Youth, Women and Refugees due to lack of sufficient collateral to secure a bank loan. The product aims to promote financial inclusion as a means of relieving poverty to address youth unemployment and future of work. Tap into the Youth, women and Refugee market segment.
Funding Procedure
Eligibility:
18 years up to 35 years.
The borrowers must be Youth, Women or Refugees.
The borrower lacks enough collateral to secure a bank loan;
The borrower has seasonal or weak cash flow below the levels required;
The borrower does not have sufficient credit history.
The borrower must complete a pre-loan financial and digital literacy and entrepreneurship training course.
Target Impact
To create 100,000 dignified jobs.
Contacts
info@udbl.co.ug
ADDITIONAL FMC INFO
Includes Financial Literacy Training Repayment frequency: Monthly, Quarterly, Bullet payment
15% interest rate.
