Loan/Debt
Equity Bank – Young Africa Works – Youth SME Micro Loan
Description
This is a loan being facilitated by Equity Bank under Mastercard Foundation's Young Africa Works Programme.
Fund size = 140M UGX - 1B UGX
Funding Procedure
The Borrower Must be a youth or an Adult/company/enterprise employing 5 youths or more in their business/ enterprise.
A youth is defined as a person aged 18 years to 35 years.
The borrower must have a source of income and running business and has been in existence for a period of 6 months.
The borrower must have collateral to secure the bank loan.
The borrower does not have sufficient credit history with Equity Bank Uganda Ltd.
Must have a digitized Equity Bank account.
Contacts
info@udbl.co.ug
ADDITIONAL FMC INFO
Goal - To create 100,000 dignified jobs.
Repayment frequency: Monthly, Quarterly, Bullet payment
