Product Features

• Interest charged on declining balance.
• Minimum amount of UShs 100,000.
• Maximum amount of 5,000,000 for individuals.
• Minimum loan amount of UShs 500,000 and maximum amount of 25,000,000 for companies and partnerships.
• Maximum loan period of 4 years for development and 2 years for working capital loans
• Repayment through regular and equal monthly, bi-monthly, quarterly or staggered instalments (including principal and interest) based on the nature of business and cash flow.
• Grace period maximum of one year applicable on a case-bycase basis.

Benefits

• Helps youth with capital to improve their businesses, thus creating employment.
• Less stringent terms and conditions than normal loans.
• Moderately low interest rate.
• Easy loan processing.