DANIDA Investment Loan

Investment loan designed to provide partial finance for the purchase of productive equipment or fixed assets for productive purpose e.g. milk coolers, construction of cattle dips, poultry pens and others. The DANIDA Investment Loan is accessible to only customers in Rakai District.

Main Features:

• Amount lent to a single borrower is between UShs 100,000 to UShs. 20 million.
• Maturity up to a maximum of 2 years.
• Secured by collateral up to 100% of loan.
• Value of equipment plus collateral 150%.
• Grace periods are applicable on a case by case basis.
• Interest charged on reducing or declining balance.

Basic Requirements:

• Savings or Current account with Centenary Bank.
• Good credit history of at least two business loans with the Centenary Bank.
• Secured by collateral value of up to 100% of loan.
• Value of equipment plus collateral 150%.
• Customer own contribution of 25% of the equipment purchase price.
• Profoma invoice for the equipment purchase addresses to Centenary Bank.
• Minimum of 1year experience in the business and equipment use.