Cente Micro Business Loan
Product Features
- Maximum loan amount of up to UShs 50 million.
- Flexible and regular repayment plans.
- Minimum loan amount of UShs 100,000.
- Minimum loan period of 3 months
- Interest charged on declining balance.
- 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 accepted.
- Access to automatic loans.
Requirements
- Current or Savings Bank account.
- Payment of processing fee
- Applicant must be resident within the branch designated area of operation.
- Completed loan application form
- Inspection of collateral
- There must be an on-going business activity
- Payment Of Loan Processing Fees
- Security can be fixed and/ or movable assets
- Financial card
- Guarantees, personal or corporate