Loan/Debt
FINCA – Small Enterprise Loan
Description
The Small Enterprise Loan is a short-to-medium term credit facility specially designed to finance Small and Medium Enterprises [SMEs].
Investment Details
340MUGX - Max Funding
Contacts
Telephone: Head office: 0312227800 Customer support: 0800262262
Email: UG_CustomerSupport@fincaug.org
ADDITIONAL FMC INFO
3-36 Months
Quick loan processing time (in 48 hours or less*)
Working capital loans of up to Shs. 340 million
Flexible repayment terms and periods of 3 – 36 months
Flexible loan repayments inclusive of grace period where deemed necessary
Flexible loan purpose.
Loans are approved dependent on the applicant’s needs [re-stocking, import clearance, construction, etc.]
Loan amount is dependent on business performance hence light burden on the client
Flexible collateral requirements Negotiable interest rates * Upon submission of proper documentation
Qualifications for this loan Individuals or companies with active businesses
Applicant must be 18 years and above
At least 6 months of business existence and activity Possession of a trading license Credible Guarantor Credit Reference Bureau (CRB) registration Comes with outstanding benefits
You may do occasional top-ups subject to terms & conditions
Easy loan renewal upon completion
Collateral substitution is allowed
Loan is tailored to facilitate business performance and growth You can easily pay back using MTN and Airtel push services