Cente Micro Business Loan
Product Features
- Maximum loan amount of up to UShs. 100 million.
- Minimum loan amount of UShs 100,000.
- Interest charged on declining balance.
- Flexible and regular repayment plans.
- Minimum loan period of 3 months.
- Maximum loan period of 24 months.
Benefits
- Fast and easiest way to access business funds.
- Affordable to most low-income earners and rural poor.
- Informal loan security i.e., chattels, guarantors, are accepted.
- Access to automatic loans
Requirements
- Current or Savings bank account.
- Completed loan application form.
- Payment of loan processing fees.
- National ID.
- Payment of processing fee.
- Inspection of collateral.
- Security can be fixed and/ or movable assets.
- Guarantees, personal or corporate.
- Applicant must be resident within the branch designated area of operation.There must be an on-going business activity.