Loan/Debt

FINCA – Small Enterprise Loan

Posted 6 months ago

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