Loan/Debt

Equity Bank – Young Africa Works Loan Product

Posted 6 months ago

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.