Yes Youth Can! supports youth-led recovery and development in areas that experienced post-election violence or are at risk to experience violent conflict in the future. This $45-million program aims to encourage youth voice, youth entrepreneurship, and youth leadership.
Yes Youth Can! is being designed to empower Kenyan youth to achieve a greater voice in national reform and create new livelihood opportunities.
Yes Youth Can! will support the creation of effective national and local networks of youth leaders to advocate peacefully for meaningful reforms of the government and economy.
Youth Innovate for Change Fund: This key component will be a youth-managed fund to support grass-roots community development and empowerment projects implemented by youth and youth-serving organizations. By incorporating youth into the management of the fund, Yes Youth Can! will promote transparency and accountability, and further youth’s leadership skills.
Yes Youth Can! will:
Support quick-impact projects to promote youth voices on national issues, particularly the reform process, through independent grassroots organizations and activities
Build new skills in youth leadership and entrepreneurship
Establish a youth-led and managed Innovate for Change Fund that promotes economic opportunities in their own communities
Support and expand youth networks to encourage collaboration and leverage resources
Improve the enabling environment for youth enterprises and organizations.
Guiding Principles of Yes Youth Can!
Youth in the driver’s seat
Transparency through agreed upon rules of engagement
Active youth engagement in program decisions, including the Innovate for Change Fund
Learning by doing
Leverage knowledge and resources through partnership.
For more information contact: yesyouthcan@usaid.gov or download the Yes Youth Can fact sheet [156 KB].
Activities
Small grants awarded through Yes Youth Can! (as of May 2010)
Cross-sectoral Assessment of At-Risk Youth in Kenya
Kenya Youth Empowerment and Employment Initiative (KYEEI)
Funding Opportunities:
The Annual Program Statement closed on November 26, 2010; it can be found on www.grants.gov
Wednesday, 28 December 2011
Friday, 23 December 2011
YOSEFO - Tanzania
YOSEFO
Established in 1996, Youth Self Employment Foundation (YOSEFO) is a Non-Govermental Organization (NGO) based in Dar es Salaam, Tanzania. The founders of YOSEFO are professionals in microfinance, business management and employment issues and work in the private and public sector.
Group Lending
YOSEFO gives loans to individual Tanzanian entrepeneurs, who organize themselves into 5-person groups. The groups take primary responsibility for supporting and aiding its members as they develop their business. Every week, eight groups from a community (a "center") come together to repay loan installments and conduct group business.
Village Savings and Credit Associations
YOSEFO have introduced a linkage program with Village Savings and Credit Associations (VSCA) called Benki Jamii, which means "community bank" in Swahili. The VSCAs are formed by up to 40 individuals who save regularly and can borrow through a fund they create with their own savings. The VSCAs are linked with YOSEFO for additional funds in case the self-created savings are not sufficient to meet the demand for loans. This program has been introduced in three locations: Tumbatu (Zanzibar), Kilwa and Ifakara.
Kiungani str. Mkunazini Building
P.O. Box 75379
Dar es Salaam, Tanzania
Tel : +255 22-2180914
info@yosefo.org
YOSEFO also run more than a dozen community banks in and around Dar es Salaam, including in the neighborhoods of Buguruni, Kigamboni, Lumo, Mbgala, Makangarawe, Mazizini, Tabata, Tandika, Vingunguiti, and Vituka.
Established in 1996, Youth Self Employment Foundation (YOSEFO) is a Non-Govermental Organization (NGO) based in Dar es Salaam, Tanzania. The founders of YOSEFO are professionals in microfinance, business management and employment issues and work in the private and public sector.
Group Lending
YOSEFO gives loans to individual Tanzanian entrepeneurs, who organize themselves into 5-person groups. The groups take primary responsibility for supporting and aiding its members as they develop their business. Every week, eight groups from a community (a "center") come together to repay loan installments and conduct group business.
Village Savings and Credit Associations
YOSEFO have introduced a linkage program with Village Savings and Credit Associations (VSCA) called Benki Jamii, which means "community bank" in Swahili. The VSCAs are formed by up to 40 individuals who save regularly and can borrow through a fund they create with their own savings. The VSCAs are linked with YOSEFO for additional funds in case the self-created savings are not sufficient to meet the demand for loans. This program has been introduced in three locations: Tumbatu (Zanzibar), Kilwa and Ifakara.
Kiungani str. Mkunazini Building
P.O. Box 75379
Dar es Salaam, Tanzania
Tel : +255 22-2180914
info@yosefo.org
YOSEFO also run more than a dozen community banks in and around Dar es Salaam, including in the neighborhoods of Buguruni, Kigamboni, Lumo, Mbgala, Makangarawe, Mazizini, Tabata, Tandika, Vingunguiti, and Vituka.
Uganda Finance Trust
The Trust Business Loan
The Trust Business Loan enables you meet your working capital requirements as you pay back in manageable instalments.
Benefits
• Increase your working capital
• Loan size varies with your business requirement and collateral
• Payable in manageable installments
• Flexible loan period
Requirements
• Borrower must be over 18 years
• Operating a legal and running business
• Have a saving account at Finance Trust
• Loan guarantee savings required
• Sufficient collateral is required for the loan
Branches
Central Branch
Plot 1 Bombo Road, Sure House,
Kampala
Tel: 0414- 255147, 0753-255147
Entebbe Branch
Plot 29, Kampala Road -Entebbe.
Tel: 0414- 321788, 0751-321788
Mukono Branch
Plot 35, Kampala-Jinja Road
Tel: 0414 - 290 855, 0753 - 290 855
Lugazi Branch
Plot 65, block 316, Kampala-Jnja Road.
Tel: 0414-448140, 0752-448140
Busia Branch
Plot 53, Custom Road.
Tel: 0454- 43229, 0754-543229
Kayunga Branch
Kayunga Town,
Tel: 0392755147, 0753-755147
Jinja Branch
Plot 3B, Iganga Road.
Tel: 0434 - 120 897,0753-120897
Kamuli Branch
Plot 1 Kitimbo Road,
Tel: 0434353015, 0751-353015
Iganga Branch
Plot 74, Main Street.
Tel: 0434242342, 0754-545094
Bugiri Branch
Plot 74,Grant Street, Tororo Road
Masaka Branch
Plot 7 Edward Avenue.
Tel: 04814- 31181, 04814-21266
Mbarara Branch
Plot 31 High Street Mbarara.
Tel: 04854- 21525, 0751-521525
Ishaka Branch
Rukungiri Road,
Tel: 0485-543570, 0751-543570
Ntungamo Branch
Plot 18, Old Kabale Road,
Tel: 0485424031, 0751-524031
Mbale Branch
Plot 23 Republic Street.
Tel: 045-35275, 0754-545095
Tororo Branch
Plot 7 ,Bazaar Street,
Tel: 045445092, 0754-45092
Pallisa Branch
Plot 41B, Kasodo Road
Soroti Branch
Plot 37/39,Solot Avenue, NIC Building
Tel: 0454-461771, 0754-561771
Kumi Branch
Plot 26A, Ngora Road,
Tel:0454- 471085, 0754-571086
Kamwenge Branch
Plot 10, Station Road.
Tel: 039-840845, 0752-840854
Kabarole Branch
Plot 8,Rukiidi III Street.
Tel: 04834- 22970, 0753-422970
Katwe Branch
Plot 121 & 115,Block 6,
Tel: 0752-341295
Nakivubo Branch
Plot B001, New Taxi Park
Tel: 0752-131181
The Trust Business Loan enables you meet your working capital requirements as you pay back in manageable instalments.
Benefits
• Increase your working capital
• Loan size varies with your business requirement and collateral
• Payable in manageable installments
• Flexible loan period
Requirements
• Borrower must be over 18 years
• Operating a legal and running business
• Have a saving account at Finance Trust
• Loan guarantee savings required
• Sufficient collateral is required for the loan
Branches
Central Branch
Plot 1 Bombo Road, Sure House,
Kampala
Tel: 0414- 255147, 0753-255147
Entebbe Branch
Plot 29, Kampala Road -Entebbe.
Tel: 0414- 321788, 0751-321788
Mukono Branch
Plot 35, Kampala-Jinja Road
Tel: 0414 - 290 855, 0753 - 290 855
Lugazi Branch
Plot 65, block 316, Kampala-Jnja Road.
Tel: 0414-448140, 0752-448140
Busia Branch
Plot 53, Custom Road.
Tel: 0454- 43229, 0754-543229
Kayunga Branch
Kayunga Town,
Tel: 0392755147, 0753-755147
Jinja Branch
Plot 3B, Iganga Road.
Tel: 0434 - 120 897,0753-120897
Kamuli Branch
Plot 1 Kitimbo Road,
Tel: 0434353015, 0751-353015
Iganga Branch
Plot 74, Main Street.
Tel: 0434242342, 0754-545094
Bugiri Branch
Plot 74,Grant Street, Tororo Road
Masaka Branch
Plot 7 Edward Avenue.
Tel: 04814- 31181, 04814-21266
Mbarara Branch
Plot 31 High Street Mbarara.
Tel: 04854- 21525, 0751-521525
Ishaka Branch
Rukungiri Road,
Tel: 0485-543570, 0751-543570
Ntungamo Branch
Plot 18, Old Kabale Road,
Tel: 0485424031, 0751-524031
Mbale Branch
Plot 23 Republic Street.
Tel: 045-35275, 0754-545095
Tororo Branch
Plot 7 ,Bazaar Street,
Tel: 045445092, 0754-45092
Pallisa Branch
Plot 41B, Kasodo Road
Soroti Branch
Plot 37/39,Solot Avenue, NIC Building
Tel: 0454-461771, 0754-561771
Kumi Branch
Plot 26A, Ngora Road,
Tel:0454- 471085, 0754-571086
Kamwenge Branch
Plot 10, Station Road.
Tel: 039-840845, 0752-840854
Kabarole Branch
Plot 8,Rukiidi III Street.
Tel: 04834- 22970, 0753-422970
Katwe Branch
Plot 121 & 115,Block 6,
Tel: 0752-341295
Nakivubo Branch
Plot B001, New Taxi Park
Tel: 0752-131181
Uchumi Commercial Bank Limited
Loan Products
• Kilimo Loans - for individual farmers, groups, SACCOS.
• Mtaji Loans - for multipurpose uses by small traders.
• General Loans - for individuals, general business clients.
All customers (including coffee traders) are entitled to receive loans, as long as they satisfy basic credit conditions outlined in UCB Basic Loan Conditions.
• Kilimo Loans - for individual farmers, groups, SACCOS.
• Mtaji Loans - for multipurpose uses by small traders.
• General Loans - for individuals, general business clients.
All customers (including coffee traders) are entitled to receive loans, as long as they satisfy basic credit conditions outlined in UCB Basic Loan Conditions.
TBL Mirror Fund: Kenyan Venture Capital Fund
The TBL Mirror Fund focuses on Small and Medium Enterprises in various sectors operating in growth markets where value can be added through the know-how and involvement of the investors of the Fund. TBL Mirror Fund wants to invest in Kenyan businesses:
that seek an equity- or quasi equity investments (not debt only);
that allow an entrepreneurial investment involvement from the TBL Mirror Fund;
Where the TBL Mirror Fund can add value through its investor network;
That will allow a board seat for the Fund;
That are late start-ups or early to mid stage companies;
With motivated, skilled and committed entrepreneurs and management teams;
With products or services in a sizable and growing market;
With a potential to grow to become number 1 or 2 player in its field;
With a sound strategy and business model;
With capital needs between EUR 100,000 and 1,000,000 with a preferred focus on the range of EUR 500,000 to 1,000,000;
That comply with ethical norms, have a good environmental policy and labor conditions;
With a good exit potential in 5 to 7 years with significant commercial and development returns.
CONTACTS
TBL Mirror Fund BV
Gatundu-Kandara Road Junction
Kileleshwa, Nairobi
Kenya
+254 (0)20 2019374 - T
+254 (0)20 4343807 - F
info@tblmirrorfund.com
that seek an equity- or quasi equity investments (not debt only);
that allow an entrepreneurial investment involvement from the TBL Mirror Fund;
Where the TBL Mirror Fund can add value through its investor network;
That will allow a board seat for the Fund;
That are late start-ups or early to mid stage companies;
With motivated, skilled and committed entrepreneurs and management teams;
With products or services in a sizable and growing market;
With a potential to grow to become number 1 or 2 player in its field;
With a sound strategy and business model;
With capital needs between EUR 100,000 and 1,000,000 with a preferred focus on the range of EUR 500,000 to 1,000,000;
That comply with ethical norms, have a good environmental policy and labor conditions;
With a good exit potential in 5 to 7 years with significant commercial and development returns.
CONTACTS
TBL Mirror Fund BV
Gatundu-Kandara Road Junction
Kileleshwa, Nairobi
Kenya
+254 (0)20 2019374 - T
+254 (0)20 4343807 - F
info@tblmirrorfund.com
Southern Credit Bank
Loan Products
Southern Credit’s business loan products provide access to capital for day to day operations or for the purchase of fixed assets.
Features
Period of repayment: Upto 3 years
Minimum Deposit: Negotiable
Asset Financing
This product enables businesses to free up cashflow and enhance profitability by acquiring finance to purchase vehicles and machinery for the business. Repayments fall between 24 and 48 months or longer as necessary.
Features
Period Of Payment: Upto 36 months
Minimum Deposit: 20% of Asset Value(minimum)
Collateral: The asset being financed plus an initial deposit
Premium Financing
Insurance payments can seriously affect cash flow. This product allows a client to fund insurance premiums through short-term capital at attractive interest rates.
Features
Period of repayment: Upto 9 months
Minimum Deposit: 2 months premium payment
Collateral: Pro rata refund guarantee from an insurance company on the bank's panel.
Bills Discounting
A short term financing solution that allows businesses to stay steady and more agile, Bill discounting is simply an advance where the bill is taken as security and the discount being the interest on the advance from the date of purchase of the bill until it is due for payment.
Features
Period of repayment: Upto 3 months
Minimum Deposit: 10% cash margin
Collateral: Third party promissory notes/bills acceptable to the bank, supported by invoice.
Cheque Discounting
Cheque discounting is particularly ideal for distributors whose customers need it.
Features
Repayment Period: Upto 3 months
Minimum Deposit: 10% Cash Margin
Collateral: Third party cheques acceptable to the Bank.
Branch Network:
Head Office
Treasury and Foreign Exchange Division Southern House
Nginda Lane, off Murang’a Road
Telephone: +254 (020) 2220948, 2218622, 2220939
E-mail: customerservice@southerncredit.co.ke
Westlands Branch (Nairobi)
Shimmers Plaza, Westlands Road
Telephone: +254 (020) 4447441/077/430/832
E-mail: westlands@southerncredit.co.ke
City Branch (Nairobi)
Chester House, Koinange Street
P.O. Box 34875, 00100, Nairobi
Telephone: +254 (020) 2213300, 2219006, 2215172, 2218186
E-mail: city@southerncredit.co.ke
Industrial Area Branch
Avon Centre
Enterprise Road
Telephone: +254 (020)554116/120/123/124
E-mail: industrialarea@southerncredit.co.ke
Mombasa Branch
Southern House - Mombasa
Moi Avenue
Telephone: +254 (041)2220507/508/509
E-mail: mombasa@southerncredit.co.ke
Nyali Branch
Nyali Cinemax Complex, Kongowea Road
Telephone: +254 (041)471002/003
E-mail: nyali@southerncredit.co.ke
Kakamega Branch
Jubliee Ironmongers Building
Canon Awori Road
Telephone: +254 (056) 31220, 31481
E-mail: kakamega@southerncredit.co.ke
Kisumu Branch
Harley’s House, Oginga Odinga Street
Telephone: +254 (057)2022741/742
E-mail: kisumu@southerncredit.co.ke
Eldoret Branch
Simphi House, Oloo Street
Telephone: +254 (053) 2062622/481
E-mail: eldoret@southerncredit.co.ke
Southern Credit’s business loan products provide access to capital for day to day operations or for the purchase of fixed assets.
Features
Period of repayment: Upto 3 years
Minimum Deposit: Negotiable
Asset Financing
This product enables businesses to free up cashflow and enhance profitability by acquiring finance to purchase vehicles and machinery for the business. Repayments fall between 24 and 48 months or longer as necessary.
Features
Period Of Payment: Upto 36 months
Minimum Deposit: 20% of Asset Value(minimum)
Collateral: The asset being financed plus an initial deposit
Premium Financing
Insurance payments can seriously affect cash flow. This product allows a client to fund insurance premiums through short-term capital at attractive interest rates.
Features
Period of repayment: Upto 9 months
Minimum Deposit: 2 months premium payment
Collateral: Pro rata refund guarantee from an insurance company on the bank's panel.
Bills Discounting
A short term financing solution that allows businesses to stay steady and more agile, Bill discounting is simply an advance where the bill is taken as security and the discount being the interest on the advance from the date of purchase of the bill until it is due for payment.
Features
Period of repayment: Upto 3 months
Minimum Deposit: 10% cash margin
Collateral: Third party promissory notes/bills acceptable to the bank, supported by invoice.
Cheque Discounting
Cheque discounting is particularly ideal for distributors whose customers need it.
Features
Repayment Period: Upto 3 months
Minimum Deposit: 10% Cash Margin
Collateral: Third party cheques acceptable to the Bank.
Branch Network:
Head Office
Treasury and Foreign Exchange Division Southern House
Nginda Lane, off Murang’a Road
Telephone: +254 (020) 2220948, 2218622, 2220939
E-mail: customerservice@southerncredit.co.ke
Westlands Branch (Nairobi)
Shimmers Plaza, Westlands Road
Telephone: +254 (020) 4447441/077/430/832
E-mail: westlands@southerncredit.co.ke
City Branch (Nairobi)
Chester House, Koinange Street
P.O. Box 34875, 00100, Nairobi
Telephone: +254 (020) 2213300, 2219006, 2215172, 2218186
E-mail: city@southerncredit.co.ke
Industrial Area Branch
Avon Centre
Enterprise Road
Telephone: +254 (020)554116/120/123/124
E-mail: industrialarea@southerncredit.co.ke
Mombasa Branch
Southern House - Mombasa
Moi Avenue
Telephone: +254 (041)2220507/508/509
E-mail: mombasa@southerncredit.co.ke
Nyali Branch
Nyali Cinemax Complex, Kongowea Road
Telephone: +254 (041)471002/003
E-mail: nyali@southerncredit.co.ke
Kakamega Branch
Jubliee Ironmongers Building
Canon Awori Road
Telephone: +254 (056) 31220, 31481
E-mail: kakamega@southerncredit.co.ke
Kisumu Branch
Harley’s House, Oginga Odinga Street
Telephone: +254 (057)2022741/742
E-mail: kisumu@southerncredit.co.ke
Eldoret Branch
Simphi House, Oloo Street
Telephone: +254 (053) 2062622/481
E-mail: eldoret@southerncredit.co.ke
PRIDE Tanzania
Promotion of Rural Initiative and Development Enterprises Limited (PRIDE Tanzania) is a micro finance institution involved in the provision of credit to small and micro entrepreneurs in Tanzania.
MEC Loan
This product is based on modified Grameen model.
To be eligible, a client must join a self-selected solidarity group guarantee of 5 members called an Enterprise Group
10 Solidarity groups combined into one large group of 50 called a market enterprise group (MEC), for ease administration and enhancement of group mechanism.
Peer pressure and a three tier loan guarantee system to ensure loan repayment
Weekly meeting lasting for a maximum of 1 hour
Compulsory weekly savings as part of loan insurance scheme and refundable upon exit
Access to a loan is subject to minimum loan insurance balance amount to 25% of loan amount except for the first loan cycle.
Loan cycle ranges from Tshs 100,000 to 1.0M
Involvement of the client in the administration of the program through elected leadership.
Half yearly bonus payout on compulsory savings
Fahari Loan Product
Solidarity group of three to five self selecting from among MEC loan clients
Monthly loan repayment
Near collateral items pledged as additional guarantee to reinforce security supported by formal legal agreement
A client may select a variable loan term from 6 to 24 months
Half yearly bonus payout on compulsory savings
Meetings lasts only 20 minutes
Loan cycles ranges from Tshs 2M to 15M
Ajira Loan Product
The product is targeting employees in the government and other reputable organizations.
Employers guarantee their employees.
Less than a week processing time
Loan sizes range from Tshs 100,000 to TShs. 15Million or 15 times gross salary
No requirement for meetings at PRIDE offices
Wholesale Lending
PRIDE Tanzania has entered into a strategic alliance with IFAD sponsored Rural Financial Services Programme based in Mbeya to provide access to financial services for the rural areas. The modality for collaboration with RFSP involves the provision of loans to rural based microfinance institutions such as SACCOS and SACAS, which in turn would lend the funds to their members.
The product is targeting registered SACCOS
Board members guarantee the loan.
Less than a week processing time
Loan sizes range from Tshs 10 million –50 million
Competitive interest rate
Flexible loan term between 6 –12 months
Contact
PRIDE Tanzania Ltd,
AICC Complex,
Ngorongoro Wing,
4th Floor, Room 420,
P.O. Box 13900,
Arusha - Tanzania
Email:
ptzinfo@pride-tz.org OR ptzadmin@pride-tz.org
MEC Loan
This product is based on modified Grameen model.
To be eligible, a client must join a self-selected solidarity group guarantee of 5 members called an Enterprise Group
10 Solidarity groups combined into one large group of 50 called a market enterprise group (MEC), for ease administration and enhancement of group mechanism.
Peer pressure and a three tier loan guarantee system to ensure loan repayment
Weekly meeting lasting for a maximum of 1 hour
Compulsory weekly savings as part of loan insurance scheme and refundable upon exit
Access to a loan is subject to minimum loan insurance balance amount to 25% of loan amount except for the first loan cycle.
Loan cycle ranges from Tshs 100,000 to 1.0M
Involvement of the client in the administration of the program through elected leadership.
Half yearly bonus payout on compulsory savings
Fahari Loan Product
Solidarity group of three to five self selecting from among MEC loan clients
Monthly loan repayment
Near collateral items pledged as additional guarantee to reinforce security supported by formal legal agreement
A client may select a variable loan term from 6 to 24 months
Half yearly bonus payout on compulsory savings
Meetings lasts only 20 minutes
Loan cycles ranges from Tshs 2M to 15M
Ajira Loan Product
The product is targeting employees in the government and other reputable organizations.
Employers guarantee their employees.
Less than a week processing time
Loan sizes range from Tshs 100,000 to TShs. 15Million or 15 times gross salary
No requirement for meetings at PRIDE offices
Wholesale Lending
PRIDE Tanzania has entered into a strategic alliance with IFAD sponsored Rural Financial Services Programme based in Mbeya to provide access to financial services for the rural areas. The modality for collaboration with RFSP involves the provision of loans to rural based microfinance institutions such as SACCOS and SACAS, which in turn would lend the funds to their members.
The product is targeting registered SACCOS
Board members guarantee the loan.
Less than a week processing time
Loan sizes range from Tshs 10 million –50 million
Competitive interest rate
Flexible loan term between 6 –12 months
Contact
PRIDE Tanzania Ltd,
AICC Complex,
Ngorongoro Wing,
4th Floor, Room 420,
P.O. Box 13900,
Arusha - Tanzania
Email:
ptzinfo@pride-tz.org OR ptzadmin@pride-tz.org
Pride Microfinance - Uganda
Pride Microfinance Limited is a microfinance deposit taking institution regulated and supervised by Bank of Uganda.
• Group Guaranteed Loans
• Individuals Loans
Branches
Metropole House Plot 8-10 Entebbe road,
Tel:0414-346297/346930/258150, 0312-262365/6
Email: pml@pridemicrofinance.co.ug
Arua
Telephone: +256 476 420 490
Plot 1 Avenue Road
Bugiri
Telephone: +256 43 250 130
Plot 1 Mivule Road
Bushenyi
Telephone: +256 485 433 929
Plot 3 High Street
Buwenge
Tel: + 256 392 718 417
Coner House Kamuli Road
• Group Guaranteed Loans
• Individuals Loans
Branches
Metropole House Plot 8-10 Entebbe road,
Tel:0414-346297/346930/258150, 0312-262365/6
Email: pml@pridemicrofinance.co.ug
Arua
Telephone: +256 476 420 490
Plot 1 Avenue Road
Bugiri
Telephone: +256 43 250 130
Plot 1 Mivule Road
Bushenyi
Telephone: +256 485 433 929
Plot 3 High Street
Buwenge
Tel: + 256 392 718 417
Coner House Kamuli Road
Pamoja Women Development Programme (PAWDEP)
“PAWDEP” means Pamoja Women Development Programme. The organization was founded in 2003 as a Non-Governmental Organization (NGO) and duly registered in Kenya in 2004. PAWDEP is a leader in providing microfinance solutions to women groups running small scale industry and farming. The organisation seeks to empower women financially to run viable, competitive, and rewarding enterprises that can compete locally and internationally.
Loan Products:
Nuru Loan
Features
Lending to solidarity women groups
Loans from Kshs. 5,000.00 - Kshs. 200,000.00
Repayment benefits of upto 50 months
Interest rates at 1.5% per month (reducing)
Monthly meetings
Benefits
Accessible to all women with a business activity
No collateral/security required apart from the group
Fast processing and disbursement
Repayment period is flexible
Interest rate is attractive and affordable
Opportunity to graduate to the next level
Opportunity for business training
Bonus paid to groups at the end of each year
Eligibility
All women with an income generating activity
A member of a solidarity group with 5-40 members
Ready to guarantee others for loans and vice versa
Over 18 years of age
Ngumbato Loan
Features
• Lending to solidarity women groups
• Unforeseen business challenges loan
• Loan amount flexible and from any amount
• Repayment period is monthly
• Monthly meetings
Benefits
• Accessible to all women members of a solidarity group
• Group guaranteed
• Disbursed on the same day of application (less than 3 hours after application)
• Arrest all business challenges
• Manage all business opportunities
• More loans accessible every month
• Bonus paid to the groups and members at the end of each year
• Opportunity for business training
Eligibility
• Members of a solidarity group
• Ready to guarantee others for loans and vice versa
Endeleza akina mama
Features
• Individual self secured loans
• Business loan
• Access loans from Kshs. 100,000.00 - Kshs. 500,000.00
• Repayment period upto 20 months
• Interest rate at 8% per annum (0.67% per month)
Benefits
• Individual loan
• No weekly or monthly meetings
• Repayment period flexible upto 20 months
• Flexible collateral/security
• Processing and disbursement very fast
• Interest rate very low
• Opportunity to grow to the next level
• Opportunity for business training and motivation talks
Eligibility
Graduating from solidarity group business loans
Successful veteran customers
Faithful customers
Provide self collateral/security
Jaza Loan
Features
• Individual self secured loan
• Either business or development loan
• Access loans from Kshs. 600,000.00 - Kshs. 5,000,000.00
• Repayment period upto 60 months
• Interest rate is 12% per annum
Benefits
• Individual loan
• No weekly or monthly meetings
• Repayment period flexible but upto 60 months
• Flexible collateral/security
• Processing and disbursement very fast
• Interest rate very low
• Opportunity to graduate to the next level
• Opportunity for training and motivation talks
Eligibility
• Graduating from the solidarity business loans
• Successful potential customer
• Faithful clients
• Provide self collateral/ security
Pesa Plus Loan
Features
• Individual self secured loans
• Unforeseen business challenges
• Loan amount flexible
• Repayment period flexible but upto 3 months
• Interest rate very low
• No monthly or weekly meetings
Benefits
• Accessible to all individual clients
• Self secured
• Arrest all unforeseen business challenges
• Manage all business opportunities
• Disbursement very fast and generally on the same day
• Opportunity for business training and motivation talks
Eligibility
• Individual clients (existing)
• Individual cleints (new)
Angaza Loan
Features
• Individual self secured loan
• Business development loan
• Access loans from Kshs. 5,000.00 - Kshs. 100,000.00
• Repayment period upto 12 months
• Interest rate at 1.5% per month (reducing)
• Guarantor required
Benefits
• Individual loan
• No weekly or monthly meetings
• Repayment period flexible but upto 12 months
• Flexible collateral/ security including business and homestead assets
• Processing and disbursement very fast
• Friendly interest rate
• Opportunity to graduate to the next upper level
• Opportunity for training and motivation talks
Eligibility
• All clients both existing and new
• Provide flexible/ collateral security
Contacts:
Head Office
Kikinga House, Biashara Street, Kiambu.
PAWDEP also has offices in:
Kerugoya Branch-Kirinyaga
Kibetu Plaza, 2nd floor
Thika Branch
Twin Oak buidling, 2nd floor
Githunguri Branch
Family Finance building, 2nd floor
Limuru Branch
Ushirika Plaza, 2nd floor
Loan Products:
Nuru Loan
Features
Lending to solidarity women groups
Loans from Kshs. 5,000.00 - Kshs. 200,000.00
Repayment benefits of upto 50 months
Interest rates at 1.5% per month (reducing)
Monthly meetings
Benefits
Accessible to all women with a business activity
No collateral/security required apart from the group
Fast processing and disbursement
Repayment period is flexible
Interest rate is attractive and affordable
Opportunity to graduate to the next level
Opportunity for business training
Bonus paid to groups at the end of each year
Eligibility
All women with an income generating activity
A member of a solidarity group with 5-40 members
Ready to guarantee others for loans and vice versa
Over 18 years of age
Ngumbato Loan
Features
• Lending to solidarity women groups
• Unforeseen business challenges loan
• Loan amount flexible and from any amount
• Repayment period is monthly
• Monthly meetings
Benefits
• Accessible to all women members of a solidarity group
• Group guaranteed
• Disbursed on the same day of application (less than 3 hours after application)
• Arrest all business challenges
• Manage all business opportunities
• More loans accessible every month
• Bonus paid to the groups and members at the end of each year
• Opportunity for business training
Eligibility
• Members of a solidarity group
• Ready to guarantee others for loans and vice versa
Endeleza akina mama
Features
• Individual self secured loans
• Business loan
• Access loans from Kshs. 100,000.00 - Kshs. 500,000.00
• Repayment period upto 20 months
• Interest rate at 8% per annum (0.67% per month)
Benefits
• Individual loan
• No weekly or monthly meetings
• Repayment period flexible upto 20 months
• Flexible collateral/security
• Processing and disbursement very fast
• Interest rate very low
• Opportunity to grow to the next level
• Opportunity for business training and motivation talks
Eligibility
Graduating from solidarity group business loans
Successful veteran customers
Faithful customers
Provide self collateral/security
Jaza Loan
Features
• Individual self secured loan
• Either business or development loan
• Access loans from Kshs. 600,000.00 - Kshs. 5,000,000.00
• Repayment period upto 60 months
• Interest rate is 12% per annum
Benefits
• Individual loan
• No weekly or monthly meetings
• Repayment period flexible but upto 60 months
• Flexible collateral/security
• Processing and disbursement very fast
• Interest rate very low
• Opportunity to graduate to the next level
• Opportunity for training and motivation talks
Eligibility
• Graduating from the solidarity business loans
• Successful potential customer
• Faithful clients
• Provide self collateral/ security
Pesa Plus Loan
Features
• Individual self secured loans
• Unforeseen business challenges
• Loan amount flexible
• Repayment period flexible but upto 3 months
• Interest rate very low
• No monthly or weekly meetings
Benefits
• Accessible to all individual clients
• Self secured
• Arrest all unforeseen business challenges
• Manage all business opportunities
• Disbursement very fast and generally on the same day
• Opportunity for business training and motivation talks
Eligibility
• Individual clients (existing)
• Individual cleints (new)
Angaza Loan
Features
• Individual self secured loan
• Business development loan
• Access loans from Kshs. 5,000.00 - Kshs. 100,000.00
• Repayment period upto 12 months
• Interest rate at 1.5% per month (reducing)
• Guarantor required
Benefits
• Individual loan
• No weekly or monthly meetings
• Repayment period flexible but upto 12 months
• Flexible collateral/ security including business and homestead assets
• Processing and disbursement very fast
• Friendly interest rate
• Opportunity to graduate to the next upper level
• Opportunity for training and motivation talks
Eligibility
• All clients both existing and new
• Provide flexible/ collateral security
Contacts:
Head Office
Kikinga House, Biashara Street, Kiambu.
PAWDEP also has offices in:
Kerugoya Branch-Kirinyaga
Kibetu Plaza, 2nd floor
Thika Branch
Twin Oak buidling, 2nd floor
Githunguri Branch
Family Finance building, 2nd floor
Limuru Branch
Ushirika Plaza, 2nd floor
Oikocredit East Africa
Type of loans offered
Loan size: from 50,000 to 2 million euros or the equivalent thereof in other currencies. In exceptional cases, larger amounts may be considered;
Interest rate: reasonable and flexible considering market rates for comparable transactions as well as the risks and development relevance of the project;
Term of loan: from 1 to 6 years;
Grace period: depending on the type of project and project cashflow. From 6 months up to 36 months;
Repayment schedule: flexible to suit the project’s need;
Fees/commissions: Oikocredit applies fair and transparently calculated fees and commissions. In most cases, Oikocredit charges a standard arrangement fee of 1%;
Securities: suitable securities are required from the borrowing institution and its representatives to ensure serious commitment to the success of the undertaking.
Procedure for getting a loan
The project should fill out a form provided by Oikocredit’s office and submit it together with financial statements for the past three years.
Oikocredit will conduct one or more field visits for appraisal and if satisfied will take the proposal forward for approval to the Credit Committee of the International Office in the Netherlands.
Once approved, the legal process will start. When all the legal papers are found adequate, the loan amount will be released. Thus in more or less 12 weeks credits can be disbursed.
Loan size: from 50,000 to 2 million euros or the equivalent thereof in other currencies. In exceptional cases, larger amounts may be considered;
Interest rate: reasonable and flexible considering market rates for comparable transactions as well as the risks and development relevance of the project;
Term of loan: from 1 to 6 years;
Grace period: depending on the type of project and project cashflow. From 6 months up to 36 months;
Repayment schedule: flexible to suit the project’s need;
Fees/commissions: Oikocredit applies fair and transparently calculated fees and commissions. In most cases, Oikocredit charges a standard arrangement fee of 1%;
Securities: suitable securities are required from the borrowing institution and its representatives to ensure serious commitment to the success of the undertaking.
Procedure for getting a loan
The project should fill out a form provided by Oikocredit’s office and submit it together with financial statements for the past three years.
Oikocredit will conduct one or more field visits for appraisal and if satisfied will take the proposal forward for approval to the Credit Committee of the International Office in the Netherlands.
Once approved, the legal process will start. When all the legal papers are found adequate, the loan amount will be released. Thus in more or less 12 weeks credits can be disbursed.
Rwanda Microfinance Limited
RML, a microfinance institution, was incorporated limited liability company in May 2004 and started operation in October of the same year.
RML offers a wide range of products that address the needs of the micro, small and medium entrepreneurs and the Jua-kali.
Micro Corporate Loans
Micro Corporate Loans are individual based and target borrowers with some form of security like personal or business assets.
Product Features
The loan size for this product ranges from 200,000 to 2 million Rwanda Francs and the repayment terms are Weekly, Bi-weekly or Monthly basis. Loans are processed within 3 to 5 working days if your application meets all the requirements.
• Loan size (Capacity to pay) 200,000 – 2,000,000
• Loan Term Up to 6 months
• Repayment Frequency Monthly, Bi-weekly, Weekly
Eligibility:
• Be owner or co-owner of a business set up more than 1 year ago
• Same business location for 6 months
• Have a current patent or MVK Trading license
• Copy of your National Identity Card
• 2 recent passport size photos
• Bank account statement if available
• Collateral either business or personal assets
• A complete Micro Corporate loan application form.
Contacts:
Rwanda Microfinance S.A.R.L.
Albert Supply House,
Avenue Commercialle BP 6839, Kigali
Rwanda Tel +250 501 127
Mob. +250 08 30 40 77
RML offers a wide range of products that address the needs of the micro, small and medium entrepreneurs and the Jua-kali.
Micro Corporate Loans
Micro Corporate Loans are individual based and target borrowers with some form of security like personal or business assets.
Product Features
The loan size for this product ranges from 200,000 to 2 million Rwanda Francs and the repayment terms are Weekly, Bi-weekly or Monthly basis. Loans are processed within 3 to 5 working days if your application meets all the requirements.
• Loan size (Capacity to pay) 200,000 – 2,000,000
• Loan Term Up to 6 months
• Repayment Frequency Monthly, Bi-weekly, Weekly
Eligibility:
• Be owner or co-owner of a business set up more than 1 year ago
• Same business location for 6 months
• Have a current patent or MVK Trading license
• Copy of your National Identity Card
• 2 recent passport size photos
• Bank account statement if available
• Collateral either business or personal assets
• A complete Micro Corporate loan application form.
Contacts:
Rwanda Microfinance S.A.R.L.
Albert Supply House,
Avenue Commercialle BP 6839, Kigali
Rwanda Tel +250 501 127
Mob. +250 08 30 40 77
Tanzania Postal Bank
Micro Credit
Micro credits target low income individuals, facilitating them to run their petty trades such as food vending, selling burns and boost their capitals for small industries etc.
Initial requirements
• Introduction letter from Village authority or local Government where the applicant resides.
• Guarantee from a person with permanent residence in the referred area.
• Introduction letters from two businessmen/women who are at/adjacent to your trading area.
The loan rates ranges from 50,000 shillings to 5,000,000:
The guarantee is any property which does not require transfer of ownership, houses with or without title deeds etc.
General requirements
• Sustainable and legal business.
• Aged 18 years or above.
Business Loans (Small and Middle Enterprises)
Business loans aim at liberating society from economic barriers by initiating and running business/projects such as farming, animal husbandry, fishery, mining, hotel, tourism, food processing, construction and production.
Types of loans for running a project/business
• Overdraft/Revolving facility.
• Advances/Fixed Term Credits.
• Lines of Credits.
• Bills Negotiated Credits.
• Packing Credits.
• Local Acceptances Credits.
• Foreign Acceptances Credits.
• Foreign Guarantees Credits.
• Local Guarantees and Indemnities.
• Instalment Loans.
Guarantee and Loan Conditions:
• Property with un-transferable ownership registration.
• Value of property must exceed the value of the loan at least by 30% (for un-transferrable property) or (75% for transferable property).
• Third party guarantee can be accepted if the applicant’s is insufficient.
• The guarantee must have been insured against fire, accidents, theft or robbery.
Branches
Head Office
Tanzania Postal Bank
Extelecoms Annex,
Samora Avenue
P.O. Box 9300
Dar Es Salaam, Tanzania
Tel: 255 - 22 - 2110621/2
E-mail: md@postalbank.co.tz
Manzese Branch,
P.O. Box 5500,
Dar Es Salaam.
Tel: 255 - 22 - 2400024 or 2400029
E-mail: manzese@postalbank.co.tz
Kariakoo Branch,
P.O. Box 9300,
Dar Es Salaam.
Tel: 255 - 22-2180485
E-mail: kariakoo@postalbank.co.tz
Zanzibar Branch,
P.O. Box 1931,
Zanzibar.
Tel: 255 - 24 - 2230732/2231798
E-mail: zanzibar@postalbank.co.tz
Mkwepu Branch,
P.O. Box 9300,
Dar Es Salaam.
Tel : 255 - 22 - 2112461
E-mail: mkwepu@postalbank.co.tz
Dodoma Sub Branch
P.O. Box 900,
Dodoma.
Tel: 255 - 26 - 2321673
E-mail: Dodoma@postalbank.co.tz
Metropolitan Branch,
P.O. Box 9300,
Dar Es Salaam.
Tel : 255 - 22 - 2124334
E-mail: mkpannex@postalbank.co.tz
Mbeya Sub Branch
P.O. Box 2568,
Mbeya.
Tel: 255 - 25 - 2504035 or 2504182
E-mail: mbeya@postalbank.co.tz
Regional Operating Units (Rou)
Arusha Sub Branch
P.O. Box 15100,
Arusha.
Tel: 255 - 27 - 2544528
E-mail: arusha@postalbank.co.tz
Kigoma Sub Branch
P.O. Box 1061,
Kigoma.
Tel: 255 - 28 - 2804241
E-mail: kigoma@postalbank.co.tz
Iringa Sub Branch
P.0. Box 2222,
Iringa.
Tel: 255 - 26 - 2702817
E-mail: iringa@postalbank.co.tz
Mtwara Sub Branch
P.O. Box 6
Mtwara.
Tel: 255 - 23 - 2333530
E-mail: mtwara@postalbank.co.tz
Tanga Sub Branch
P.O. Box 129,
Tanga.
Tel: 255 - 27 - 2643039
E-mail: tanga@postalbank.co.tz
Shinyanga Sub Branch
P.O. Box 1206,
Shinyanga.
Tel: 255 - 28 - 2763201-8
E-mail: shinyanga@postalbank.co.tz
Moshi Sub Branch
P.O. Box 854,
Moshi.
Tel: 255 - 27- 2753232
E-mail: moshi@postalbank.co.tz
Mwanza Sub Branch
P.O. Box 11516,
Mwanza.
Tel: 255 - 28 - 2500803 or 2502230
E-mail: mwanza@postalbank.co.tz
Bukoba Sub Branch
P.O. Box 924,
Bukoba.
Tel: 255 - 28 - 2221335
E-mail: bukoba@postalbank.co.tz
Tabora Sub Branch
P.O. Box 86,
Tabora.
Tel: 255 - 26 - 2604694
E-mail: tabora@postalbank.co.tz
Songea Sub Branch
P.O. Box 915,
Songea.
Tel: 255 - 25 - 2600526
E-mail: songea@postalbank.co.tz
Ilala Sub Branch
P.O. Box 9300,
Dar Es Salaam.
Tel: 255 - 22 - 2866023
E-mail: douilala@postalbank.co.tz
Dar es Salaam Branch
P.O. Box 9300,
Dar Es Salaam.
Tel: 255 - 22 - 2121190
E-mail: dsmrou@postalbank.co.tz
Morogoro Sub Branch
P.O. Box 777,
Morogoro.
Tel: 255 - 23 - 2603073
E-mail: morogoro@postalbank.co.tz
Kijitonyama Sub Branch
P.O. Box 9300,
Dar Es Salaam.
Tel: 255 - 22 - 2771612
E-mail: Kijitonyama@postalbank.co.tz
Micro credits target low income individuals, facilitating them to run their petty trades such as food vending, selling burns and boost their capitals for small industries etc.
Initial requirements
• Introduction letter from Village authority or local Government where the applicant resides.
• Guarantee from a person with permanent residence in the referred area.
• Introduction letters from two businessmen/women who are at/adjacent to your trading area.
The loan rates ranges from 50,000 shillings to 5,000,000:
The guarantee is any property which does not require transfer of ownership, houses with or without title deeds etc.
General requirements
• Sustainable and legal business.
• Aged 18 years or above.
Business Loans (Small and Middle Enterprises)
Business loans aim at liberating society from economic barriers by initiating and running business/projects such as farming, animal husbandry, fishery, mining, hotel, tourism, food processing, construction and production.
Types of loans for running a project/business
• Overdraft/Revolving facility.
• Advances/Fixed Term Credits.
• Lines of Credits.
• Bills Negotiated Credits.
• Packing Credits.
• Local Acceptances Credits.
• Foreign Acceptances Credits.
• Foreign Guarantees Credits.
• Local Guarantees and Indemnities.
• Instalment Loans.
Guarantee and Loan Conditions:
• Property with un-transferable ownership registration.
• Value of property must exceed the value of the loan at least by 30% (for un-transferrable property) or (75% for transferable property).
• Third party guarantee can be accepted if the applicant’s is insufficient.
• The guarantee must have been insured against fire, accidents, theft or robbery.
Branches
Head Office
Tanzania Postal Bank
Extelecoms Annex,
Samora Avenue
P.O. Box 9300
Dar Es Salaam, Tanzania
Tel: 255 - 22 - 2110621/2
E-mail: md@postalbank.co.tz
Manzese Branch,
P.O. Box 5500,
Dar Es Salaam.
Tel: 255 - 22 - 2400024 or 2400029
E-mail: manzese@postalbank.co.tz
Kariakoo Branch,
P.O. Box 9300,
Dar Es Salaam.
Tel: 255 - 22-2180485
E-mail: kariakoo@postalbank.co.tz
Zanzibar Branch,
P.O. Box 1931,
Zanzibar.
Tel: 255 - 24 - 2230732/2231798
E-mail: zanzibar@postalbank.co.tz
Mkwepu Branch,
P.O. Box 9300,
Dar Es Salaam.
Tel : 255 - 22 - 2112461
E-mail: mkwepu@postalbank.co.tz
Dodoma Sub Branch
P.O. Box 900,
Dodoma.
Tel: 255 - 26 - 2321673
E-mail: Dodoma@postalbank.co.tz
Metropolitan Branch,
P.O. Box 9300,
Dar Es Salaam.
Tel : 255 - 22 - 2124334
E-mail: mkpannex@postalbank.co.tz
Mbeya Sub Branch
P.O. Box 2568,
Mbeya.
Tel: 255 - 25 - 2504035 or 2504182
E-mail: mbeya@postalbank.co.tz
Regional Operating Units (Rou)
Arusha Sub Branch
P.O. Box 15100,
Arusha.
Tel: 255 - 27 - 2544528
E-mail: arusha@postalbank.co.tz
Kigoma Sub Branch
P.O. Box 1061,
Kigoma.
Tel: 255 - 28 - 2804241
E-mail: kigoma@postalbank.co.tz
Iringa Sub Branch
P.0. Box 2222,
Iringa.
Tel: 255 - 26 - 2702817
E-mail: iringa@postalbank.co.tz
Mtwara Sub Branch
P.O. Box 6
Mtwara.
Tel: 255 - 23 - 2333530
E-mail: mtwara@postalbank.co.tz
Tanga Sub Branch
P.O. Box 129,
Tanga.
Tel: 255 - 27 - 2643039
E-mail: tanga@postalbank.co.tz
Shinyanga Sub Branch
P.O. Box 1206,
Shinyanga.
Tel: 255 - 28 - 2763201-8
E-mail: shinyanga@postalbank.co.tz
Moshi Sub Branch
P.O. Box 854,
Moshi.
Tel: 255 - 27- 2753232
E-mail: moshi@postalbank.co.tz
Mwanza Sub Branch
P.O. Box 11516,
Mwanza.
Tel: 255 - 28 - 2500803 or 2502230
E-mail: mwanza@postalbank.co.tz
Bukoba Sub Branch
P.O. Box 924,
Bukoba.
Tel: 255 - 28 - 2221335
E-mail: bukoba@postalbank.co.tz
Tabora Sub Branch
P.O. Box 86,
Tabora.
Tel: 255 - 26 - 2604694
E-mail: tabora@postalbank.co.tz
Songea Sub Branch
P.O. Box 915,
Songea.
Tel: 255 - 25 - 2600526
E-mail: songea@postalbank.co.tz
Ilala Sub Branch
P.O. Box 9300,
Dar Es Salaam.
Tel: 255 - 22 - 2866023
E-mail: douilala@postalbank.co.tz
Dar es Salaam Branch
P.O. Box 9300,
Dar Es Salaam.
Tel: 255 - 22 - 2121190
E-mail: dsmrou@postalbank.co.tz
Morogoro Sub Branch
P.O. Box 777,
Morogoro.
Tel: 255 - 23 - 2603073
E-mail: morogoro@postalbank.co.tz
Kijitonyama Sub Branch
P.O. Box 9300,
Dar Es Salaam.
Tel: 255 - 22 - 2771612
E-mail: Kijitonyama@postalbank.co.tz
SISDO
SISDO
SISDO is a specialized micro finance institution that was established in 1993 as Smallholder Irrigation Schemes Development Organization (SISDO).
In 2003, the institution became a full-fledged Micro finance Institution and in 2006 changed its name to SISDO.
Today, SISDO is an independent MFI with its own governance and management structures with a focus on rural and urban financial services delivery to low-income communities.
SISDO targets smallholder crop, dairy farmers and more recently agribusinesses and other micro entrepreneurs with on-going activities that require capital to fund growth. The target clients are characterized by lack of access to financial services from formal financial institutions.
Credit products
Agriculture (Kilimo)
• General farm (Ukulima)
• Zero grazing (Mifugo)
Business (Biashara)
• Business uplift (Inua)
• Business bridging (Daraja)
Emergency (Dharura)
• LPO financing
Contacts
Head office
Ngong Lane,off Ngong Road,
Tel: 254(020)3870280/3864901
Cell Lines: 0722 200083,0736175004
Email: sisdo@sisdo.org
Chuka Field Office
Nithi Plaza 3rd, Floor
Tel:020-2308488
Cellphone:0723-606607
Embu Field Office
Rurima Building, 2nd Floor
Mama Ngina Street
Tel:020-2308490
Cellphone: 0725-782524
Meru Field Office
Kamawe Building, 1st Floorrm 1
Tel: 020-2308487
Cellphone:0725782524
Nyeri Field Office
Pamki Building, 2nd Floor
Tel: 020-2308486
Cell:0725-563994
Jogoo Road Field Office
Vera View Plaza, Opposite KCB Building
Tel:020-2308495
Cell:0720887754
Machakos Field Office
Town Plaza
Cell:0734-588748
Tel:0202308492
Ruiru Field Office
Bush Gate Towers
Cellphone :0727-793521
Tel:020-2308494
Nakuru Field Office
Prestige Plaza
Cell:0726-335035
Tel:020-2308498
SISDO is a specialized micro finance institution that was established in 1993 as Smallholder Irrigation Schemes Development Organization (SISDO).
In 2003, the institution became a full-fledged Micro finance Institution and in 2006 changed its name to SISDO.
Today, SISDO is an independent MFI with its own governance and management structures with a focus on rural and urban financial services delivery to low-income communities.
SISDO targets smallholder crop, dairy farmers and more recently agribusinesses and other micro entrepreneurs with on-going activities that require capital to fund growth. The target clients are characterized by lack of access to financial services from formal financial institutions.
Credit products
Agriculture (Kilimo)
• General farm (Ukulima)
• Zero grazing (Mifugo)
Business (Biashara)
• Business uplift (Inua)
• Business bridging (Daraja)
Emergency (Dharura)
• LPO financing
Contacts
Head office
Ngong Lane,off Ngong Road,
Tel: 254(020)3870280/3864901
Cell Lines: 0722 200083,0736175004
Email: sisdo@sisdo.org
Chuka Field Office
Nithi Plaza 3rd, Floor
Tel:020-2308488
Cellphone:0723-606607
Embu Field Office
Rurima Building, 2nd Floor
Mama Ngina Street
Tel:020-2308490
Cellphone: 0725-782524
Meru Field Office
Kamawe Building, 1st Floorrm 1
Tel: 020-2308487
Cellphone:0725782524
Nyeri Field Office
Pamki Building, 2nd Floor
Tel: 020-2308486
Cell:0725-563994
Jogoo Road Field Office
Vera View Plaza, Opposite KCB Building
Tel:020-2308495
Cell:0720887754
Machakos Field Office
Town Plaza
Cell:0734-588748
Tel:0202308492
Ruiru Field Office
Bush Gate Towers
Cellphone :0727-793521
Tel:020-2308494
Nakuru Field Office
Prestige Plaza
Cell:0726-335035
Tel:020-2308498
Paramount Universal Bank
Corporate Products include:
• Business Loans
• Overdraft
• Asset Financing
• Insurance Premium Financing (IPF)
• Mortgage
• Hire Purchase and Leasing
• Business Loans
• Overdraft
• Asset Financing
• Insurance Premium Financing (IPF)
• Mortgage
• Hire Purchase and Leasing
NMB National Microfinance Bank
Microfinance loan
The NMB microfinance loan aims to help small entrepreneurs in Tanzania to finance their business.
Amounts that can be borrowed range from TZS 50,000 to TZS 5,000,000.
Repayment takes place through equal monthly instalments, with a the maximum loan tenure of one year.
The NMB microfinance loan aims to help small entrepreneurs in Tanzania to finance their business.
Amounts that can be borrowed range from TZS 50,000 to TZS 5,000,000.
Repayment takes place through equal monthly instalments, with a the maximum loan tenure of one year.
NIC Bank
Trade Finance
NIC offers an extensive range of trade related products including:
• Documentary Credits
• Bills for Collection
• Open Accounts
• Advance Payments
• Guarantees and Indemnities
Bonds and Guarantees
This product caters for the customers whose business requires tendering for contracts which require support from reputable banks in form of bid and performance guarantees.
Letters of Credit
This product caters for the customers whose business requires sourcing of raw materials or finished goods from external markets and require the banks support in establishing a facility that will allow flexible terms.
For more details contact:
Tel: +254 20 2888000
Email: corporatebusiness@nic-bank.com
NIC offers an extensive range of trade related products including:
• Documentary Credits
• Bills for Collection
• Open Accounts
• Advance Payments
• Guarantees and Indemnities
Bonds and Guarantees
This product caters for the customers whose business requires tendering for contracts which require support from reputable banks in form of bid and performance guarantees.
Letters of Credit
This product caters for the customers whose business requires sourcing of raw materials or finished goods from external markets and require the banks support in establishing a facility that will allow flexible terms.
For more details contact:
Tel: +254 20 2888000
Email: corporatebusiness@nic-bank.com
National Bank of Commerce
SME Business Unit
The SME Business Unit was established to respond to the financing needs of the Small and Medium Enterprise (SME) segment customers.
The SME Business Banking Unit provides dedicated service to satisfy the special needs of the SME segment with an emphasis on the provision of relevant credit and trade products and services.
The following products and services can be offered to customers within this segment:
• Overdrafts
• Term Loans
• Motor Vehicles & Equipment Loans
• Trade Finance products and services
• Letters of Credit
• Guarantees and Performance Bonds
• Business entrepreneurship Skills and training
• SME Credit Guarantee Schemes
The SME Business Unit was established to respond to the financing needs of the Small and Medium Enterprise (SME) segment customers.
The SME Business Banking Unit provides dedicated service to satisfy the special needs of the SME segment with an emphasis on the provision of relevant credit and trade products and services.
The following products and services can be offered to customers within this segment:
• Overdrafts
• Term Loans
• Motor Vehicles & Equipment Loans
• Trade Finance products and services
• Letters of Credit
• Guarantees and Performance Bonds
• Business entrepreneurship Skills and training
• SME Credit Guarantee Schemes
MuCoBa Tanzania
MuCoBa was established in December 1998 and was the first Community bank operating in Tanzania that was under the supervision of the Bank of Tanzania. The objective of establishing MuCoBa was to provide financial services to the low and medium income earners in Mufindi district especially in rural areas.
Loans
It has to be noted that a client will not be allowed to apply for a loan unless he/she has a savings account with MuCoBa and the same has existed for at least three months prior to application.
1. MuCoBa Individual Business Loans
These are loans provided to support viable economic activities in Mufindi district. Therefore, the main criteria to qualify for these loans is the existence of business and the borrower should have at least one year experience with that business.
Another important criteria is the collateral for the loan. Collateral accepted include but not limited to houses, plots of land with some development, motor vehicles, machinery and cash deposits with MuCoBa. Values of Collateral are assessed against the amount of the loan requested.
The duration of the loan lasts for 18 months. The grace period for most of individual business loans is one month. However, in other businesses the grace period is fixed depending on the nature of business, for example in agricultural activities it depends on the nature of crops involved.
2. MuCoBa Group Loans
These are loans given to individual members in a group in order to support their small economic activities. These loans are designed to clients who need relatively small loans due to the nature of their businesses and who in one way or another cannot get reliable collateral under conditions of individual loans.
Another reason for the use of this methodology is for the bank to provide this service more efficiently due to the size of transactions. Normally clients select themselves in subgroups between 5 and 7 members and form a group ranging between 20 and 40 members. MuCoBa issues a loan to a group in order to facilitate administration. For the clients often living in remote places up to 100 km from Mafinga, it means that they avoid high transportation cost. For MuCoBa, administration- and transportationcost are reduces thanks to the group-lending. Individual members are issued loans in accordance with their respective savings at a ratio of 1:3 (save one borrow three). In addition to savings, the loan is guaranteed by peer presure in solidarity groups, mutually guaranteeing each others loans. A group has to receive training with regular savings before it qualifies to get a loan.
The duration of the loan lasts for 12 months and grace period is fixed depending on the nature of businesses although in most cases it is one month.
3. MuCoBa SACCOS Loans
These are credits issued to Savings and Credits Cooperative Societies (SACCOS) in order to provide credit facilities to their respective members. The aim is to provide additional financial capacity to these SACCOS in order to meet the demand of their members. MuCoBa expands outreach in an efficient way because it uses SACCOS as a wholesaler. SACCOS loans are repaid within one year but under exceptional circumstances it can be extended to 18 months.
Physical address
Mafinga town, Mufindi district, Iringa region
Situated along Tanzania-Zambia highway, about 80kms from Iringa town
Tanzania
Postal address:
The General Manager
Mufindi Community Bank Ltd (MuCoBa)
P. O. Box 147
Mafinga
Tanzania
Telephone: 255 026 2772165
Fax: 255 026 2772075
e-mail: mucoba@satconet.net
Loans
It has to be noted that a client will not be allowed to apply for a loan unless he/she has a savings account with MuCoBa and the same has existed for at least three months prior to application.
1. MuCoBa Individual Business Loans
These are loans provided to support viable economic activities in Mufindi district. Therefore, the main criteria to qualify for these loans is the existence of business and the borrower should have at least one year experience with that business.
Another important criteria is the collateral for the loan. Collateral accepted include but not limited to houses, plots of land with some development, motor vehicles, machinery and cash deposits with MuCoBa. Values of Collateral are assessed against the amount of the loan requested.
The duration of the loan lasts for 18 months. The grace period for most of individual business loans is one month. However, in other businesses the grace period is fixed depending on the nature of business, for example in agricultural activities it depends on the nature of crops involved.
2. MuCoBa Group Loans
These are loans given to individual members in a group in order to support their small economic activities. These loans are designed to clients who need relatively small loans due to the nature of their businesses and who in one way or another cannot get reliable collateral under conditions of individual loans.
Another reason for the use of this methodology is for the bank to provide this service more efficiently due to the size of transactions. Normally clients select themselves in subgroups between 5 and 7 members and form a group ranging between 20 and 40 members. MuCoBa issues a loan to a group in order to facilitate administration. For the clients often living in remote places up to 100 km from Mafinga, it means that they avoid high transportation cost. For MuCoBa, administration- and transportationcost are reduces thanks to the group-lending. Individual members are issued loans in accordance with their respective savings at a ratio of 1:3 (save one borrow three). In addition to savings, the loan is guaranteed by peer presure in solidarity groups, mutually guaranteeing each others loans. A group has to receive training with regular savings before it qualifies to get a loan.
The duration of the loan lasts for 12 months and grace period is fixed depending on the nature of businesses although in most cases it is one month.
3. MuCoBa SACCOS Loans
These are credits issued to Savings and Credits Cooperative Societies (SACCOS) in order to provide credit facilities to their respective members. The aim is to provide additional financial capacity to these SACCOS in order to meet the demand of their members. MuCoBa expands outreach in an efficient way because it uses SACCOS as a wholesaler. SACCOS loans are repaid within one year but under exceptional circumstances it can be extended to 18 months.
Physical address
Mafinga town, Mufindi district, Iringa region
Situated along Tanzania-Zambia highway, about 80kms from Iringa town
Tanzania
Postal address:
The General Manager
Mufindi Community Bank Ltd (MuCoBa)
P. O. Box 147
Mafinga
Tanzania
Telephone: 255 026 2772165
Fax: 255 026 2772075
e-mail: mucoba@satconet.net
Micro Kenya
Group Lending / Working Capital Loans
Group Lending / Working Capital loans are group-based loans extended to group sizes between seven to thirty individuals, who should all be operating small and micro enterprises. Each self-selected group must attend a one hour group induction session each week for a minimum period of 6 weeks.
Neither formal collateral nor a credit history is required to qualify for a loan, but the co-guarantee mechanism and peer pressure must function in each lending structure to mitigate on lending risks. All what clients require to qualify for the loan is:
• Have a national Identification Card,
• Be a member of a group with an average of 10 members and
• Should have been in business for the last 6 months.
LPO Financing
This is financing offered to clients who have been awarded tenders to supply goods and services. They are short-term and are given for a maximum period of 2 months.
Microsoft Financing Option
The product targets small and medium companies that operate with unlicensed Microsoft products. The Microsoft licensing loan product helps the companies to acquire Microsoft licenses, avoid confiscation of their computers and litigations for using pirated or illegal softwares.
Product Features
Easy access to financing option – simple qualification criteria
Convenience – single page application forms
Quick Processing – we will process all complete applications forms within 3days.
Flexibility – 20% deposit and the balance paid over an agreed period of time.
Unsecured – the license certificate is the security.
No Interest charges for the financing option
No hidden charges
Microsoft License Financing Option terms
Repayment period of between 3 month to 12 months
Financing Option of upto Kshs 1,000,000.00. (Conditions apply)
Monthly Installment Default will lead to automatic cancellation of the financing option and full payment of the outstanding amount falls due immediately.
Credit worth appraisal to ascertain capacity to pay
Branch Network
Nairobi Branch – Based in the head office with a sub-branch in Kawangware
Office Location
Cape Office Park
Ring Road Kilimani
P.O. Box 52926-00200
Nairobi
Tel: +254 20 386 1681-4
Fax: +254 20 386 1680
email: info@microkenya.co.ke
Machakos Branch
Machakos Town
Plaza Building 3rd Floor
Tel: +254 722 475 059
Nakuru Branch
Geoffrey Kamau Way Next to Odeon Cinema
Tel: +254 151 221 2852
Cell: +254 722 240453
Thika Branch
Thika Arcade 6th Flr
Tel: +254 721 292041
Group Lending / Working Capital loans are group-based loans extended to group sizes between seven to thirty individuals, who should all be operating small and micro enterprises. Each self-selected group must attend a one hour group induction session each week for a minimum period of 6 weeks.
Neither formal collateral nor a credit history is required to qualify for a loan, but the co-guarantee mechanism and peer pressure must function in each lending structure to mitigate on lending risks. All what clients require to qualify for the loan is:
• Have a national Identification Card,
• Be a member of a group with an average of 10 members and
• Should have been in business for the last 6 months.
LPO Financing
This is financing offered to clients who have been awarded tenders to supply goods and services. They are short-term and are given for a maximum period of 2 months.
Microsoft Financing Option
The product targets small and medium companies that operate with unlicensed Microsoft products. The Microsoft licensing loan product helps the companies to acquire Microsoft licenses, avoid confiscation of their computers and litigations for using pirated or illegal softwares.
Product Features
Easy access to financing option – simple qualification criteria
Convenience – single page application forms
Quick Processing – we will process all complete applications forms within 3days.
Flexibility – 20% deposit and the balance paid over an agreed period of time.
Unsecured – the license certificate is the security.
No Interest charges for the financing option
No hidden charges
Microsoft License Financing Option terms
Repayment period of between 3 month to 12 months
Financing Option of upto Kshs 1,000,000.00. (Conditions apply)
Monthly Installment Default will lead to automatic cancellation of the financing option and full payment of the outstanding amount falls due immediately.
Credit worth appraisal to ascertain capacity to pay
Branch Network
Nairobi Branch – Based in the head office with a sub-branch in Kawangware
Office Location
Cape Office Park
Ring Road Kilimani
P.O. Box 52926-00200
Nairobi
Tel: +254 20 386 1681-4
Fax: +254 20 386 1680
email: info@microkenya.co.ke
Machakos Branch
Machakos Town
Plaza Building 3rd Floor
Tel: +254 722 475 059
Nakuru Branch
Geoffrey Kamau Way Next to Odeon Cinema
Tel: +254 151 221 2852
Cell: +254 722 240453
Thika Branch
Thika Arcade 6th Flr
Tel: +254 721 292041
Kenya ECLOF
Kenya ECLOF was inaugurated in 1993 as a Christian Microfinance organization to provide financial and non-financial services to micro, small and medium entrepreneurs and church-related institutions.
It's mission is to provide efficient financial and non-financial services to micro, small and medium entrepreneurs and organizations in Kenya. Kenya ECLOF endeavours to serve it's esteemed customers with professionalism and diligence, while upholding Christian values, and remaining committed to wealth creation and improved standards of living.
Jiwezeshe Loan
This is a basic business loan facility offering quick, convenient Capital for business operations. Benefits include:
Boosting business working capital base.
Automatic business training.
Credit protection against death and disability, and
Flexible loan terms
Jiwezeshe Plus Loan
This is a loan facility for larger businesses offering quick, convenient capital for business growth. Benefits include:
Larger loans to boost business working capital base.
Automatic business training.
Credit protection against death and disability.
Flexible loan Terms
Horticulture Loan
This is a tailor-made loan product made to suit clients in the farming business to finance their short-season crops. Benefits include:
Flexible loan terms
Credit protection against death and permanent disability
Fast disbursements with competitive interest rates.
Contacts:
E-mail: info@eclof-kenya.org
Phone: + 254 20 4453947
Mobile: 0721344699
Postal Address: P.O. Box 34889-00200 Nairobi, Kenya
It's mission is to provide efficient financial and non-financial services to micro, small and medium entrepreneurs and organizations in Kenya. Kenya ECLOF endeavours to serve it's esteemed customers with professionalism and diligence, while upholding Christian values, and remaining committed to wealth creation and improved standards of living.
Jiwezeshe Loan
This is a basic business loan facility offering quick, convenient Capital for business operations. Benefits include:
Boosting business working capital base.
Automatic business training.
Credit protection against death and disability, and
Flexible loan terms
Jiwezeshe Plus Loan
This is a loan facility for larger businesses offering quick, convenient capital for business growth. Benefits include:
Larger loans to boost business working capital base.
Automatic business training.
Credit protection against death and disability.
Flexible loan Terms
Horticulture Loan
This is a tailor-made loan product made to suit clients in the farming business to finance their short-season crops. Benefits include:
Flexible loan terms
Credit protection against death and permanent disability
Fast disbursements with competitive interest rates.
Contacts:
E-mail: info@eclof-kenya.org
Phone: + 254 20 4453947
Mobile: 0721344699
Postal Address: P.O. Box 34889-00200 Nairobi, Kenya
KEDEP (Kolping Entrepreneurs Development Programme)
KEDEP (Kolping Entrepreneurs Development Programme)
KEDEP (Kolping Entrepreneurs Development Programme) is a Microfinace company of Uganda Kolping Society.
It offers different products as Commercial/ General Loans, Water Tank Loans and Ventilated improved pits loans.
Products can be accessed by individuals and groups.
Kolping Enterpreneurs' Development Programme (KEDEP)
Hoima Office (Head Office)
Rwentuma Road 1-3
Tel: +256-772-463-751
KEDEP (Kolping Entrepreneurs Development Programme) is a Microfinace company of Uganda Kolping Society.
It offers different products as Commercial/ General Loans, Water Tank Loans and Ventilated improved pits loans.
Products can be accessed by individuals and groups.
Kolping Enterpreneurs' Development Programme (KEDEP)
Hoima Office (Head Office)
Rwentuma Road 1-3
Tel: +256-772-463-751
InvesteQ
InvesteQ CAPITAL seeks to assist SMEs who have contracts to supply goods or services to larger businesses. In this case a InvesteQ arranges a pre-shipment credit facility that allows its client to procure goods from an overseas supplier in bulk and managed in a warehouse based on the Small & Medium Sized Enterprises transaction cycles. Other products are:
Factoring: This is an integrated financial solution which seeks to help suppliers find finance for a large percentage of their accounts receivable from the moment they deliver an order. The supplier presents an accepted and approved invoice to the financier who discounts it to an agreed maximum. The supplier's debtor (corporate buyer) then pays the financier for the full value of the supplier's invoice on the due date.
Invoice Discounting: InvesteQ CAPITAL's Invoice/ Bills discounting aims at providing credit to local sellers of goods and/or services with the seller's invoice against his customers service as collateral. The purpose is to enable the seller access working capital against his expected sales proceeds.
LPO Financing: InvesteQ aims at assisting Small & Medium Sized Enterprises in freeing up cash held by their customers, to obtain capital, through its LPO Financing. This is offered to creditworthy customers, with confirmed Local Purchase Orders. The benefit of this to businesses is that by freeing up cash, critical business expenses can be taken care.
Factoring: This is an integrated financial solution which seeks to help suppliers find finance for a large percentage of their accounts receivable from the moment they deliver an order. The supplier presents an accepted and approved invoice to the financier who discounts it to an agreed maximum. The supplier's debtor (corporate buyer) then pays the financier for the full value of the supplier's invoice on the due date.
Invoice Discounting: InvesteQ CAPITAL's Invoice/ Bills discounting aims at providing credit to local sellers of goods and/or services with the seller's invoice against his customers service as collateral. The purpose is to enable the seller access working capital against his expected sales proceeds.
LPO Financing: InvesteQ aims at assisting Small & Medium Sized Enterprises in freeing up cash held by their customers, to obtain capital, through its LPO Financing. This is offered to creditworthy customers, with confirmed Local Purchase Orders. The benefit of this to businesses is that by freeing up cash, critical business expenses can be taken care.
InReturn East Africa Fund
InReturn East Africa Fund welcomes business plans and proposals from motivated, skilled and committed entrepreneurs in Kenya, Tanzania and Uganda. The Fund is interested in businesses that have the potential to grow and deliver commercial and social return.
If you match the investment criteria below, InReturn looks forward to receive your contacts. Upon receiving your proposal, a screening will be performed. You will then be informed whether the Investment Process will continue to the next phase.
Investment Criteria
The InReturn East Africa Fund considers applications that include a proper business plan and meet the criteria stated down below. General investment criteria for SMEs:
• Existing business with a track record of at least 3 years
• Management team with sound reputation, capable, knowledgeable and financially committed
• Sound strategy and business model
• Profitable, now or within a limited period of time
• Capital need between Euro 100.000 and Euro 1 million
• Not able to attract enough financing from a bank
• Financing need for 3 to maximum 7 years
• Audited accounts for at least 3 years
• Transparency and receptivity to governance and accounting standards
• Compliance with labour, health and safety regulations
Contact InReturn through e-mail or telephone for a first interview.
InReturn Capital (K) Ltd
Statehouse road,
Opposite gate B of Statehouse
Next to Philippines Embassy
Nairobi, Kenya
Tel +254 (0) 20 250 4775/6
Tel +254 (0) 20 271 4458
E-mail info@inreturncapital.com
If you match the investment criteria below, InReturn looks forward to receive your contacts. Upon receiving your proposal, a screening will be performed. You will then be informed whether the Investment Process will continue to the next phase.
Investment Criteria
The InReturn East Africa Fund considers applications that include a proper business plan and meet the criteria stated down below. General investment criteria for SMEs:
• Existing business with a track record of at least 3 years
• Management team with sound reputation, capable, knowledgeable and financially committed
• Sound strategy and business model
• Profitable, now or within a limited period of time
• Capital need between Euro 100.000 and Euro 1 million
• Not able to attract enough financing from a bank
• Financing need for 3 to maximum 7 years
• Audited accounts for at least 3 years
• Transparency and receptivity to governance and accounting standards
• Compliance with labour, health and safety regulations
Contact InReturn through e-mail or telephone for a first interview.
InReturn Capital (K) Ltd
Statehouse road,
Opposite gate B of Statehouse
Next to Philippines Embassy
Nairobi, Kenya
Tel +254 (0) 20 250 4775/6
Tel +254 (0) 20 271 4458
E-mail info@inreturncapital.com
Imperial Bank
Hire Purchase - Grow now, pay later
The Imperial Bank Hire Purchase facility is offered to aid in the purchase of designated assets such as motor vehicle, equipment, machinery and industrial plants.
Benefits
• Provides funds for purchase of the required asset.
• Provides affordable monthly repayments as opposed to paying for your purchase in full.
Single Repayment Loans/Term Loans
Single Repayment (SR) and Term loans are designed for customers who require working capital funds for a short period of time from 1 month to 12 months.
Benefits
• Enables our client to set realistic budgets.
• Provides flexibility in the repayment method where the loan principal amount can be repaid in bullet partial repayments even over the term of the loan
Bank Guarantee/ Bid Bonds / Performance Bonds
These are products offered to clients to enable them bid for business tenders, especially Government tenders. Imperial Bank can also provide other types of guarantee such as guarantee on payment of goods and / or services.
Benefits
• For some contractual agreements, guarantees are a requirement.
• These products provide an assurance to the third party, and therefore increases the opportunities for business to the customer
Branches:
Upper Hill Branch, Head Office
Tel: 2874000/2719617-19
Email:info@imperialbank.co.ke
IPS Branch
Tel: 225060/252178/341619
Email: infoips@imperialbank.co.ke
Parklands Branch
Tel: 3752321/22/23
Email: infoparklands@imperialbank.co.ke
Mombasa Branch
Tel (041) 2105000/2229304
Email: infomombasa@imperialbank.co.ke
Malindi Branch
Tel: (042) 30054
Email: infomalindi@imperialbank.co.ke
Watamu Branch
Tourist Road
Tel: (042) 32411/2
Email: infowatamu@imperialbank.co.ke
Diani Branch
Beach Road Next to Collier Centre
Tel: (040)3203814-7
Email: infodiani@imperialbank.co.ke
Karen Branch
Tel: (020) 883074
Email: infokaren@imperialbank.co.ke
Eldoret Branch
Imperial Court, Eldoret-Nairobi Road
Tel: (053) 2062864 / 2030874 / 2030494
Email: infoeldoret@imperialbank.co.ke
Kilifi Branch
Kilifi Arcade, Biashara Street
Tel: (041) 522311/2
Email: infokilifi@imperialbank.co.ke
Industrial Area Branch
Bamburi Road, off Enterprise Road
Tel: (020) 553610, 553612/3, 553627
Email: infoiab@imperialbank.co.ke
The Imperial Bank Hire Purchase facility is offered to aid in the purchase of designated assets such as motor vehicle, equipment, machinery and industrial plants.
Benefits
• Provides funds for purchase of the required asset.
• Provides affordable monthly repayments as opposed to paying for your purchase in full.
Single Repayment Loans/Term Loans
Single Repayment (SR) and Term loans are designed for customers who require working capital funds for a short period of time from 1 month to 12 months.
Benefits
• Enables our client to set realistic budgets.
• Provides flexibility in the repayment method where the loan principal amount can be repaid in bullet partial repayments even over the term of the loan
Bank Guarantee/ Bid Bonds / Performance Bonds
These are products offered to clients to enable them bid for business tenders, especially Government tenders. Imperial Bank can also provide other types of guarantee such as guarantee on payment of goods and / or services.
Benefits
• For some contractual agreements, guarantees are a requirement.
• These products provide an assurance to the third party, and therefore increases the opportunities for business to the customer
Branches:
Upper Hill Branch, Head Office
Tel: 2874000/2719617-19
Email:info@imperialbank.co.ke
IPS Branch
Tel: 225060/252178/341619
Email: infoips@imperialbank.co.ke
Parklands Branch
Tel: 3752321/22/23
Email: infoparklands@imperialbank.co.ke
Mombasa Branch
Tel (041) 2105000/2229304
Email: infomombasa@imperialbank.co.ke
Malindi Branch
Tel: (042) 30054
Email: infomalindi@imperialbank.co.ke
Watamu Branch
Tourist Road
Tel: (042) 32411/2
Email: infowatamu@imperialbank.co.ke
Diani Branch
Beach Road Next to Collier Centre
Tel: (040)3203814-7
Email: infodiani@imperialbank.co.ke
Karen Branch
Tel: (020) 883074
Email: infokaren@imperialbank.co.ke
Eldoret Branch
Imperial Court, Eldoret-Nairobi Road
Tel: (053) 2062864 / 2030874 / 2030494
Email: infoeldoret@imperialbank.co.ke
Kilifi Branch
Kilifi Arcade, Biashara Street
Tel: (041) 522311/2
Email: infokilifi@imperialbank.co.ke
Industrial Area Branch
Bamburi Road, off Enterprise Road
Tel: (020) 553610, 553612/3, 553627
Email: infoiab@imperialbank.co.ke
GulfAfrican Bank
Trade Finance
The bank conducts its Trade Finance activities through a web of regional and international correspondent banks with which the bank has established strong correspondent banking relationships.
Documentary Letters of Credit or simply LCs are Trade instruments used to mitigate the various risks inherent in international trade. At GAB, all types are available depending on the customers need, including; Irrevocable Letters of Credit, Revolving Letters of Credit, Transferable and Back-to-Back Letters of Credit.
Documentary Collections: these Trade Instruments are less expensive and less complicated than the typical Letter of Credit facilities and are ideal for traders with established Supplier and Buyer relationships.
Guarantees and Bonds: GAB has a wide range of guarantees available on offer to cater for varied needs of the customers. These include; Tender/Bid Bonds, Advance Payment Guarantees, and Shipping Guarantees, Payment Guarantees, Standby Letters of Credit and Performance Bonds.
Contacts
Gulf African Bank Headquarters
Geminia Insurance Plaza, Kilimanjaro Avenue, Upper Hill
P.O Box 43683-00100, Nairobi, Kenya
Tel: +254 20 2740000, +254 20 2718608/8609
Cell: +254 733 602267/602278, +254 728 600563/600568
Upper Hill Branch
Tel: +254 20 2740000, +254 20 2718608/8609
Cell: +254 733 602267/602278, +254 728 600563/600568
Email: upper-hill.branch@gulfafricanbank.com
Kenyatta Avenue Branch
Hughes Building, Kenyatta Avenue
Tel: +254 20 316902-6
Email: kenyatta-avenue.branch@gulfafricanbank.com
Enterprise Centre Branch
Enterprise Road
Tel: 020 652140 / 020 652166 / 020 2408697
Email: industrial-area.branch@gulfafricanbank.com
Eastleigh Branches
Eastleigh Mall, General Waruinge Street
Tel: 020 2332226/7
Email: eastleigh.branch@gulfafricanbank.com
Eastleigh II - Aqsa House, 7th Street
Tel: 020 2351909
Email: eastleigh2.branch@gulfafricanbank.com
Eastleigh III - Shariff Centre Branch, Athumani Kipanga Street
Tel: 020 2408698 / 020 6768523
Email: eastleigh3.branch@gulfafricanbank.com
Parklands Branch
Parklands-Krishna Park, 3rd Parklands Ave
Tel: 020 2408400/020 2434000
Email: parklands.branch@gulfafricanbank.com
Mombasa Branches
Najat House, Nkrumah Road
Tel: 041 2319570/5
Email: mombasa.branch@gulfafricanbank.com
Kasa House, Jomo Kenyatta Avenue
Tel: 041 2490227 / 041 2490209
Email: mombasa.kenyatta@gulfafricanbank.com
Garissa Branch
Al Waqf Quran House, Garissa Main Road
Tel: 046 2102072/6
Email: garissa.branch@gulfafricanbank.com
Lamu Branch
Kenyatta Street
Tel: 042 4632246
Email: lamu.branch@gulfafricanbank.com
Malindi Branch
Blue Marlin Building, Lamu Road
Tel: 042 2120711
Email: malindi.branch@gulfafricanbank.com
The bank conducts its Trade Finance activities through a web of regional and international correspondent banks with which the bank has established strong correspondent banking relationships.
Documentary Letters of Credit or simply LCs are Trade instruments used to mitigate the various risks inherent in international trade. At GAB, all types are available depending on the customers need, including; Irrevocable Letters of Credit, Revolving Letters of Credit, Transferable and Back-to-Back Letters of Credit.
Documentary Collections: these Trade Instruments are less expensive and less complicated than the typical Letter of Credit facilities and are ideal for traders with established Supplier and Buyer relationships.
Guarantees and Bonds: GAB has a wide range of guarantees available on offer to cater for varied needs of the customers. These include; Tender/Bid Bonds, Advance Payment Guarantees, and Shipping Guarantees, Payment Guarantees, Standby Letters of Credit and Performance Bonds.
Contacts
Gulf African Bank Headquarters
Geminia Insurance Plaza, Kilimanjaro Avenue, Upper Hill
P.O Box 43683-00100, Nairobi, Kenya
Tel: +254 20 2740000, +254 20 2718608/8609
Cell: +254 733 602267/602278, +254 728 600563/600568
Upper Hill Branch
Tel: +254 20 2740000, +254 20 2718608/8609
Cell: +254 733 602267/602278, +254 728 600563/600568
Email: upper-hill.branch@gulfafricanbank.com
Kenyatta Avenue Branch
Hughes Building, Kenyatta Avenue
Tel: +254 20 316902-6
Email: kenyatta-avenue.branch@gulfafricanbank.com
Enterprise Centre Branch
Enterprise Road
Tel: 020 652140 / 020 652166 / 020 2408697
Email: industrial-area.branch@gulfafricanbank.com
Eastleigh Branches
Eastleigh Mall, General Waruinge Street
Tel: 020 2332226/7
Email: eastleigh.branch@gulfafricanbank.com
Eastleigh II - Aqsa House, 7th Street
Tel: 020 2351909
Email: eastleigh2.branch@gulfafricanbank.com
Eastleigh III - Shariff Centre Branch, Athumani Kipanga Street
Tel: 020 2408698 / 020 6768523
Email: eastleigh3.branch@gulfafricanbank.com
Parklands Branch
Parklands-Krishna Park, 3rd Parklands Ave
Tel: 020 2408400/020 2434000
Email: parklands.branch@gulfafricanbank.com
Mombasa Branches
Najat House, Nkrumah Road
Tel: 041 2319570/5
Email: mombasa.branch@gulfafricanbank.com
Kasa House, Jomo Kenyatta Avenue
Tel: 041 2490227 / 041 2490209
Email: mombasa.kenyatta@gulfafricanbank.com
Garissa Branch
Al Waqf Quran House, Garissa Main Road
Tel: 046 2102072/6
Email: garissa.branch@gulfafricanbank.com
Lamu Branch
Kenyatta Street
Tel: 042 4632246
Email: lamu.branch@gulfafricanbank.com
Malindi Branch
Blue Marlin Building, Lamu Road
Tel: 042 2120711
Email: malindi.branch@gulfafricanbank.com
GroFin
Because every business is different, GroFin does not use a standard interest rate. Instead, each unique need will be matched to a unique finance solution and will take into consideration the development stage of your business, projected cash flow and profitability, the risk involved, your own capital contribution and any collateral you may be able to provide.
Gatsby Micro Finance Limited (GMFL) Uganda
GMFL in Uganda is pursuing a mission to provide affordable financial services to existing Small and Medium Enterprises to enhance their growth
The purpose of GMFL is to enable Small and Medium Entrepreneurs (SMEs) access credit and acquire technology for their growth. The GMFL therefore targets Small and Medium scale Entrepreneurs in need of either working capital or machinery to assist them in the development of their technological base and enable them to grow.
Working capital loans help increase the scale of operation for SME's and allow them to buy enough material to supply their customers in time and keep the enterprise productive.
Machinery loans help clients acquire machinery and equipment to increase the scale of production and quality of products.
Target Entreprises
GMFL will fund enterprises that belong to any of the industrial groupings, which are involved in the transformation of raw materials into value-added products. These include:
Metal fabrication
Food processing and beverages
Textiles and garments
Woodwork and craft
Hair styling
Leather products
Printing and graphic products
Chemical and Pharmaceuticals
Technical and electrical services
Handcrafts
Building material and Ceramics
The purpose of GMFL is to enable Small and Medium Entrepreneurs (SMEs) access credit and acquire technology for their growth. The GMFL therefore targets Small and Medium scale Entrepreneurs in need of either working capital or machinery to assist them in the development of their technological base and enable them to grow.
Working capital loans help increase the scale of operation for SME's and allow them to buy enough material to supply their customers in time and keep the enterprise productive.
Machinery loans help clients acquire machinery and equipment to increase the scale of production and quality of products.
Target Entreprises
GMFL will fund enterprises that belong to any of the industrial groupings, which are involved in the transformation of raw materials into value-added products. These include:
Metal fabrication
Food processing and beverages
Textiles and garments
Woodwork and craft
Hair styling
Leather products
Printing and graphic products
Chemical and Pharmaceuticals
Technical and electrical services
Handcrafts
Building material and Ceramics
Fusion Capital Limited
Fusion Capital's vision is to become a leading provider of SME focused financial solutions in the target market of Kenya using a viable, commercial business model that delivers competitive returns to investors while facilitating local wealth generation, job creation and economic development.
The Target Market
Fusion Capital has identified a market gap in Kenya’s financial sector - the ‘Missing Middle’. Very well established micro finance and commercial banking institutions serve the extreme ends of the funding spectrum relatively well but leave the financial requirements of those businesses transitioning from one end to the other largely unmet. These businesses are growing too fast and have capital requirements too large for the microfinance system to effectively provide for and due to a lack of collateral and only a short track record, present too high a risk profile for the commercial banking system to handle.
The Method
Fusion Capital realises value from these underserved small and medium sized businesses through offering a range of financial products specifically designed to meet their needs while limiting our risk exposure.
A key offering is an integrated package of business development assistance and appropriate finance, using both debt and equity, targeted at entrepreneurs who have a viable growth orientated company but have limited capital to contribute and limited collateral to cover a large loan. The core of the investments are made through a tailored loan facility with a secured and unsecured portion. The risk associated with the unsecured funds are offset by Fusion Capital taking a minority equity stake. Business support is offered throughout the life-time of the investment focussing on achieving long term growth and profitability ensuring the on going viability of the business.
The Target Market
Fusion Capital has identified a market gap in Kenya’s financial sector - the ‘Missing Middle’. Very well established micro finance and commercial banking institutions serve the extreme ends of the funding spectrum relatively well but leave the financial requirements of those businesses transitioning from one end to the other largely unmet. These businesses are growing too fast and have capital requirements too large for the microfinance system to effectively provide for and due to a lack of collateral and only a short track record, present too high a risk profile for the commercial banking system to handle.
The Method
Fusion Capital realises value from these underserved small and medium sized businesses through offering a range of financial products specifically designed to meet their needs while limiting our risk exposure.
A key offering is an integrated package of business development assistance and appropriate finance, using both debt and equity, targeted at entrepreneurs who have a viable growth orientated company but have limited capital to contribute and limited collateral to cover a large loan. The core of the investments are made through a tailored loan facility with a secured and unsecured portion. The risk associated with the unsecured funds are offset by Fusion Capital taking a minority equity stake. Business support is offered throughout the life-time of the investment focussing on achieving long term growth and profitability ensuring the on going viability of the business.
Fina Bank
Fina Business Loan - Kenya
Fina Bank’s Business Loan provides a capital boost with flexible repayments and interest options. The product can be utilised for financing purchases of Machinery, Motor vehicles, Land & Buildings (including renovation of premises), Purchase of Stocks-in-Trade, and Business Restructure/Market Development amongst others.
Features:
Loan Amount: Minimum KES 300,000
Security: Secured by various types of security, including developed residential or commercial property (ies). The said properties can be owned or from 3rd parties; Cash-deposit(s), Life Insurance policy (ies), share(s) quoted on the Nairobi Stock Exchange, Approved Bank Guarantee(s) or other forms of business assets.
Duration: Upto 60 months
Interest Rate Type: Floating Interest Rate, on a Flat Rate Per Annum Basis
Repayment Terms: Pegged to bank's base rate
Requirements:
• Company Profile
• Latest audited financial statements
• Bank statements of at least 6 months
• Project validity where applicable
Eligibility:
• Evidence of ability to repay the debt
• Proof of items to be purchased using copy of pro-forma invoices or documents of title
• Adequate security to be provided.
Fina Business Loan - Rwanda
Features:
Loan Amount: Minimum RWF. 5,000,000
Term: Upto 48 Months
Repayment Terms: Monthly, Quarterly, Half-Yearly.
Fina Business Loan - Uganda
You can choose to repay:
• Interest only on monthly basis and the principle in full at the end of the loan period (Balloon/Bullet repayment)
• Principal and interest combined, on a monthly basis in one installment (Equated Loan Installments)
Features:
Loan Amount: Minimum UGX 7,500,000
Security: Secured by various types of security, including developed residential or commercial property (ies),The said properties can be own or from 3rd parties; Cash-deposit(s), Life Insurance policy (ies), Approved Bank Guarantee(s) or other forms of business assets.
Interest Rate Type: floating Interest Rate, on a Flat Rate Per Annum Basis
Repayment Terms: Monthly, Quarterly, Half-Yearly, Yearly or Balloon.
Requirements:
• Company Profile
• Latest audited financial statements
• Bank statements of at least 6 months
• Project validity of at least where applicable
Eligibility:
• Evidence of ability to repay the debt
• Proof of items to be purchased using copy of pro-forma invoices or documents of title
• Adequate security to be provided.
Fina Trade Finance
Fina Trade Finance caters for the Export and import clients. Relationship Managers/Officers who are in direct contact with customers provide necessary solutions to meet customer needs.
A variety of products are offered FINA Bank has correspondents in all major financial centres of the world.
Import Business:
• Opening of Import letters of Credit in all major currencies of the world
• Handling Import Documentary collections.
• Making Direct Import Payments anywhere in the world
• Availing Import Collection Bills
• Issuing back-to-back letters of credit
Export Business:
• Advising on Export letters of credit
• Structured Trade Finance: Purchase/Discount/Negotiation of Export bills.
• Finance available in USD, GBP and EUR.
• Handling Export letters of credit confirmation
• Purchasing/Discounting foreign currency cheques.
• Assignment of Export proceeds under Export letters of credit.
Fina Lease - Rwanda
The Fina Lease is a product designed as an alternative means to finance the purchase of equipment required for business. This product allows you to purchase equipment such as trucks, buses, factory equipment, medical equipment etc..
Features:
• Minimum amount of leasing facility; Rwf 500,000
• Maximum amount of facility dependent on ability of lessee to repay
• Minimum repayment period 1 year; Maximum repayment period 5 years
• Ownership retained with Fina Bank for the duration of the term period
• Lessee given option of purchase at nominal fee at the end of the lease period
• Comprehensive insurance to be undertaken by the Lessee for the duration of term period
Benefits:
• Immediate use of equipment ensured
• Fixed rate finance (allowing for fixed repayments throughout the lease period)
• Flexible repayments
• Maximum financing provided
• Equipment financed used as primary security
• Medium term financing
Fina Asset Finance - Uganda
This is a product for business owners who are eager to expand. Fina Bank finances the purchase of new / used motor vehicles, machinery, equipment and also the upgrade of existing equipment or vehicles.
Features:
• Loan Amount: From UGX 7,500,000
• Loan covers anything between 70% to 90% of total project costs
• Security: Existing and/ or acquired personal or business assets owned by the applicant or by Third Parties (Insured for the term of the loan).
• Corporate and personal guarantees of business owner(s)
• Interest: Interest is charged on a reducing principal balance
• Processing Fee: One time loan processing Fee of Kshs 8,000 for loans up to UGX 200,000 or 1% flat for loans over UGX 200,000
• Repayment Terms: Equal Monthly Instalments
• Repayment Period: Up to 60 months.
Branches in Kenya:
Kimathi Street Branch
FINA House, Kimathi Street
Telephone: +254 20 3284000
E-mail: banking@finabank.com
Westlands Branch
Apic Center, Mpaka Road
Telephone: +254 20 3741455
E-mail: westlands@finabank.com
Muthaiga Branch
Sharp Center.
Telephone: 3743365,3743371,3740312,3740313
E-mail:muthaiga@finabank.com
Lavington Branch
ABC Place, Waiyaki Way
E-mail: lavington@finabank.com
Industrial Area Branch
On the junction of Enterprise and Likoni Road near Caltex Petrol Station.
Ngong Road Branch
Piedmont Plaza, Ngong Road.
Tel: +254 020 3861563
E-mail: ngongroad@finabank.com
Gikomba Branch
Kens Metal Building
Tel: +254 20 - 6768515/6/7/8/9
E-mail: gikomba@finabank.com
Nakuru Branch
Giddo Plaza.
Telephone: +254 051-2213655, 2210925, 2210935
E-mail: nakuru@finabank.com
Eldoret Branch
Charotar Patel Plaza (2007)
Telephone: +254 053-2030921, 2030922, 2030923, 203024
E-mail: eldoret@finabank.com
Nanyuki Branch
Kenyatta Street
Tel: +254 062 – 32113, 32129, 32812, 32826
E-mail: nanyuki@finabank.com
Thika Branch
Kwame Nkrumah / Cross Road Roundabout
Tel: +254 067-20186, 20187, 20188, 20189, 20193
E-mail: thika@finabank.com
Mombasa Branch
Ambalal House, Nkrumah Road.
Telephone: +254 041-2225852
E-mail: mombasa@finabank.com
Branches in Rwanda
Head Office - Fina Bank Kigali
20 Boulevard de la Révolution
Tel: (+250) 598600
E-mail: banking@finabank.co.rw
Remera Branch
Tel: (+250) 0252 580551 / 2
Kibungo Branch
Tel: (+250) 0252 566393
Kibuye Branch
P. O. Box 331 - Kigali
Tel: (+250) 0252 568305
Gisenyi Branch
112, Rue de L'Aeroport, Gisenyi.
Tel: (+250) 0788302336
Ruhengeri Branch
Tel: (+250) 0252 546305
Branches in Uganda
Head Office - Fina Bank (Uganda) Ltd
Plot 7 Buganda road
Tel: +256 414 237284 / 237305
E-mail: banking@finabank.co.ug
Nakivubo Road Branch
Plot 34/38 Nakivubo Rd
Tel: +256 414 233813 / 233812
E-mail: banking@finabank.co.ug
Mbarara Branch
Plot 52/54 High Street
Tel: +256 485 421255 / 421246
E-mail: banking@finabank.co.ug
Fina Bank’s Business Loan provides a capital boost with flexible repayments and interest options. The product can be utilised for financing purchases of Machinery, Motor vehicles, Land & Buildings (including renovation of premises), Purchase of Stocks-in-Trade, and Business Restructure/Market Development amongst others.
Features:
Loan Amount: Minimum KES 300,000
Security: Secured by various types of security, including developed residential or commercial property (ies). The said properties can be owned or from 3rd parties; Cash-deposit(s), Life Insurance policy (ies), share(s) quoted on the Nairobi Stock Exchange, Approved Bank Guarantee(s) or other forms of business assets.
Duration: Upto 60 months
Interest Rate Type: Floating Interest Rate, on a Flat Rate Per Annum Basis
Repayment Terms: Pegged to bank's base rate
Requirements:
• Company Profile
• Latest audited financial statements
• Bank statements of at least 6 months
• Project validity where applicable
Eligibility:
• Evidence of ability to repay the debt
• Proof of items to be purchased using copy of pro-forma invoices or documents of title
• Adequate security to be provided.
Fina Business Loan - Rwanda
Features:
Loan Amount: Minimum RWF. 5,000,000
Term: Upto 48 Months
Repayment Terms: Monthly, Quarterly, Half-Yearly.
Fina Business Loan - Uganda
You can choose to repay:
• Interest only on monthly basis and the principle in full at the end of the loan period (Balloon/Bullet repayment)
• Principal and interest combined, on a monthly basis in one installment (Equated Loan Installments)
Features:
Loan Amount: Minimum UGX 7,500,000
Security: Secured by various types of security, including developed residential or commercial property (ies),The said properties can be own or from 3rd parties; Cash-deposit(s), Life Insurance policy (ies), Approved Bank Guarantee(s) or other forms of business assets.
Interest Rate Type: floating Interest Rate, on a Flat Rate Per Annum Basis
Repayment Terms: Monthly, Quarterly, Half-Yearly, Yearly or Balloon.
Requirements:
• Company Profile
• Latest audited financial statements
• Bank statements of at least 6 months
• Project validity of at least where applicable
Eligibility:
• Evidence of ability to repay the debt
• Proof of items to be purchased using copy of pro-forma invoices or documents of title
• Adequate security to be provided.
Fina Trade Finance
Fina Trade Finance caters for the Export and import clients. Relationship Managers/Officers who are in direct contact with customers provide necessary solutions to meet customer needs.
A variety of products are offered FINA Bank has correspondents in all major financial centres of the world.
Import Business:
• Opening of Import letters of Credit in all major currencies of the world
• Handling Import Documentary collections.
• Making Direct Import Payments anywhere in the world
• Availing Import Collection Bills
• Issuing back-to-back letters of credit
Export Business:
• Advising on Export letters of credit
• Structured Trade Finance: Purchase/Discount/Negotiation of Export bills.
• Finance available in USD, GBP and EUR.
• Handling Export letters of credit confirmation
• Purchasing/Discounting foreign currency cheques.
• Assignment of Export proceeds under Export letters of credit.
Fina Lease - Rwanda
The Fina Lease is a product designed as an alternative means to finance the purchase of equipment required for business. This product allows you to purchase equipment such as trucks, buses, factory equipment, medical equipment etc..
Features:
• Minimum amount of leasing facility; Rwf 500,000
• Maximum amount of facility dependent on ability of lessee to repay
• Minimum repayment period 1 year; Maximum repayment period 5 years
• Ownership retained with Fina Bank for the duration of the term period
• Lessee given option of purchase at nominal fee at the end of the lease period
• Comprehensive insurance to be undertaken by the Lessee for the duration of term period
Benefits:
• Immediate use of equipment ensured
• Fixed rate finance (allowing for fixed repayments throughout the lease period)
• Flexible repayments
• Maximum financing provided
• Equipment financed used as primary security
• Medium term financing
Fina Asset Finance - Uganda
This is a product for business owners who are eager to expand. Fina Bank finances the purchase of new / used motor vehicles, machinery, equipment and also the upgrade of existing equipment or vehicles.
Features:
• Loan Amount: From UGX 7,500,000
• Loan covers anything between 70% to 90% of total project costs
• Security: Existing and/ or acquired personal or business assets owned by the applicant or by Third Parties (Insured for the term of the loan).
• Corporate and personal guarantees of business owner(s)
• Interest: Interest is charged on a reducing principal balance
• Processing Fee: One time loan processing Fee of Kshs 8,000 for loans up to UGX 200,000 or 1% flat for loans over UGX 200,000
• Repayment Terms: Equal Monthly Instalments
• Repayment Period: Up to 60 months.
Branches in Kenya:
Kimathi Street Branch
FINA House, Kimathi Street
Telephone: +254 20 3284000
E-mail: banking@finabank.com
Westlands Branch
Apic Center, Mpaka Road
Telephone: +254 20 3741455
E-mail: westlands@finabank.com
Muthaiga Branch
Sharp Center.
Telephone: 3743365,3743371,3740312,3740313
E-mail:muthaiga@finabank.com
Lavington Branch
ABC Place, Waiyaki Way
E-mail: lavington@finabank.com
Industrial Area Branch
On the junction of Enterprise and Likoni Road near Caltex Petrol Station.
Ngong Road Branch
Piedmont Plaza, Ngong Road.
Tel: +254 020 3861563
E-mail: ngongroad@finabank.com
Gikomba Branch
Kens Metal Building
Tel: +254 20 - 6768515/6/7/8/9
E-mail: gikomba@finabank.com
Nakuru Branch
Giddo Plaza.
Telephone: +254 051-2213655, 2210925, 2210935
E-mail: nakuru@finabank.com
Eldoret Branch
Charotar Patel Plaza (2007)
Telephone: +254 053-2030921, 2030922, 2030923, 203024
E-mail: eldoret@finabank.com
Nanyuki Branch
Kenyatta Street
Tel: +254 062 – 32113, 32129, 32812, 32826
E-mail: nanyuki@finabank.com
Thika Branch
Kwame Nkrumah / Cross Road Roundabout
Tel: +254 067-20186, 20187, 20188, 20189, 20193
E-mail: thika@finabank.com
Mombasa Branch
Ambalal House, Nkrumah Road.
Telephone: +254 041-2225852
E-mail: mombasa@finabank.com
Branches in Rwanda
Head Office - Fina Bank Kigali
20 Boulevard de la Révolution
Tel: (+250) 598600
E-mail: banking@finabank.co.rw
Remera Branch
Tel: (+250) 0252 580551 / 2
Kibungo Branch
Tel: (+250) 0252 566393
Kibuye Branch
P. O. Box 331 - Kigali
Tel: (+250) 0252 568305
Gisenyi Branch
112, Rue de L'Aeroport, Gisenyi.
Tel: (+250) 0788302336
Ruhengeri Branch
Tel: (+250) 0252 546305
Branches in Uganda
Head Office - Fina Bank (Uganda) Ltd
Plot 7 Buganda road
Tel: +256 414 237284 / 237305
E-mail: banking@finabank.co.ug
Nakivubo Road Branch
Plot 34/38 Nakivubo Rd
Tel: +256 414 233813 / 233812
E-mail: banking@finabank.co.ug
Mbarara Branch
Plot 52/54 High Street
Tel: +256 485 421255 / 421246
E-mail: banking@finabank.co.ug
Fidelity Bank
Fidelity Bank
Bill Discounting
At extremely competitive rates of interest, Fidelity provides you easy bill discounting facilities and ensure that you always maintain your optimum level of cash flow.
Asset Finance
Land, property, shares, automobiles – you pick your choice, and Fidelity will help you finance it through value added Hire-Purchase or Leasing options. The interest rates are extremely competitive and the lending terms are absolutely simple. To top it all, there is a short processing period and minimal requirement of documentation.
Trade Finance
Fidelity bank networks with prominent international banking corporations to provide you the ease of banking at home even when transacting abroad.
Bonds and Guarantees
Fidelity bank issues (1) Performance Bonds, (2) Letters of Intent and (3) Tender-Bid Bonds wherever required for securing the delivery of goods and services.
Branches:
Head Office
7th Floor, IPS Building, Kimathi Street, Nairobi
Tel: (254-020) 2242348/2248842/2244187
Email: customerservice@fidelitybank.co.ke
Westlands Branch
Ground Floor, Unga House, Muthithi Road
Tel: (254-020) 3754445-7
Email: westlands@fidelitybank.co.ke
Industrial Area Branch
Tasha House, Dar-e-salam Road,
Tel: (254-020) 557158/557378
Email: indarea@fidelitybank.co.ke
Coastal Branches
Mombasa Branch
Dedan Kimathi Street,Opp Pandya Memorial Hospital,
Tel: (041) 2319870-2
Email: mombasa@fidelitybank.co.ke
Diani Branch
Baharini Plaza, Beach Road
Tel: (254) 020 2118377 / 78; (254) 0723-240330 / 0737-815950
Email: diani@fidelitybank.co.ke
Malindi Branch
Sabaki Centre, Lamu Road
Tel: (254) 0722-341562/ 0737-399142
Email: malindi@fidelitybank.co.ke
Bill Discounting
At extremely competitive rates of interest, Fidelity provides you easy bill discounting facilities and ensure that you always maintain your optimum level of cash flow.
Asset Finance
Land, property, shares, automobiles – you pick your choice, and Fidelity will help you finance it through value added Hire-Purchase or Leasing options. The interest rates are extremely competitive and the lending terms are absolutely simple. To top it all, there is a short processing period and minimal requirement of documentation.
Trade Finance
Fidelity bank networks with prominent international banking corporations to provide you the ease of banking at home even when transacting abroad.
Bonds and Guarantees
Fidelity bank issues (1) Performance Bonds, (2) Letters of Intent and (3) Tender-Bid Bonds wherever required for securing the delivery of goods and services.
Branches:
Head Office
7th Floor, IPS Building, Kimathi Street, Nairobi
Tel: (254-020) 2242348/2248842/2244187
Email: customerservice@fidelitybank.co.ke
Westlands Branch
Ground Floor, Unga House, Muthithi Road
Tel: (254-020) 3754445-7
Email: westlands@fidelitybank.co.ke
Industrial Area Branch
Tasha House, Dar-e-salam Road,
Tel: (254-020) 557158/557378
Email: indarea@fidelitybank.co.ke
Coastal Branches
Mombasa Branch
Dedan Kimathi Street,Opp Pandya Memorial Hospital,
Tel: (041) 2319870-2
Email: mombasa@fidelitybank.co.ke
Diani Branch
Baharini Plaza, Beach Road
Tel: (254) 020 2118377 / 78; (254) 0723-240330 / 0737-815950
Email: diani@fidelitybank.co.ke
Malindi Branch
Sabaki Centre, Lamu Road
Tel: (254) 0722-341562/ 0737-399142
Email: malindi@fidelitybank.co.ke
Family Bank
Biashara Boost Loan
This is Family Bank's Microcredit loan facility and it is targeted toward small to medium entreprises that require loans for Working Capital.
Flexible security requirements; Household items and business equipment can be used as security
Loan amounts of between Kshs 10,000 to Kshs 500,000
Insurance cover against death and disability
Competitive interest rate is charged on the loans
Repayment period of 12 months
Vijanaa Boost Loans
Through the Youth Entreprise Development Fund (YEDF), Family Bank has been allocated Kshs 100 million to finance viable businesses run by the youth aged 18 to 35 years.
Eligibility
Non-account holders need to open a Vijanaa Boost Savings Account (Account holders do not need to open another account)
Must have run the business for at least 3 months
Must demonstrate ability to pay
Individuals must be 18 – 35 years old; for groups, SACCOs & Companies 70% of the group members must fall within the age bracket and 100% of the group leadership must be within the age bracket
Must be willing to attend training
Features
Amount: Kshs10,000/= to Kshs 500,000/=
Security:
Household items and equipments
Joint guarantee
Supported guarantee from parents or guardians
Tripartite agreement between the FBL, borrower & procuring entity
Mode of payment: Monthly
Period of payment:
12 months for Working Capital
24 months for Capital expenditure
Low interest rate on a reducing balance method (8% reducing balance)
Vijanaa Guarantee
Family Bank is setting the pace in the industry for youth development in partnership with the Youth Entreprise Development Fund, encouraging the youth in the age bracket of 18 - 35 years to tender for business from the Government and Corporate entities through Bid and Performance Bonds.
Benefits
No collateral required.
Minimum Fees and Charges.
Quick turnaround time on the requests, within 24 hours.
The guarantees will be approved for issue by the Bank upto a maximum amount of Kshs 3 million.
Maridadi Boost Loans
Family Bank recognises the role and potential of women in shaping and realizing a better future for our country. Through the Women Entreprise Development Fund, the bank partners even further and empower women through enterpreneural skills training for effective business management.
Eligibility
The loan will only be available to women above the age of 18 years.
It is accessible to individuals or women groups.
Must demonstrate ability to pay
Must have started a business for a Smart Boost!
Benefits
Loans available from Kshs 5,000 to Kshs 500,000
Low interest rate of 8%.
Flexible security requirements
Loan insurance against death and permanent disability
Personal Accident Insurance for account holders
Extended banking hours
Availability of cheques and ATM card
Corporate Banking facilities available
This is Family Bank's Microcredit loan facility and it is targeted toward small to medium entreprises that require loans for Working Capital.
Flexible security requirements; Household items and business equipment can be used as security
Loan amounts of between Kshs 10,000 to Kshs 500,000
Insurance cover against death and disability
Competitive interest rate is charged on the loans
Repayment period of 12 months
Vijanaa Boost Loans
Through the Youth Entreprise Development Fund (YEDF), Family Bank has been allocated Kshs 100 million to finance viable businesses run by the youth aged 18 to 35 years.
Eligibility
Non-account holders need to open a Vijanaa Boost Savings Account (Account holders do not need to open another account)
Must have run the business for at least 3 months
Must demonstrate ability to pay
Individuals must be 18 – 35 years old; for groups, SACCOs & Companies 70% of the group members must fall within the age bracket and 100% of the group leadership must be within the age bracket
Must be willing to attend training
Features
Amount: Kshs10,000/= to Kshs 500,000/=
Security:
Household items and equipments
Joint guarantee
Supported guarantee from parents or guardians
Tripartite agreement between the FBL, borrower & procuring entity
Mode of payment: Monthly
Period of payment:
12 months for Working Capital
24 months for Capital expenditure
Low interest rate on a reducing balance method (8% reducing balance)
Vijanaa Guarantee
Family Bank is setting the pace in the industry for youth development in partnership with the Youth Entreprise Development Fund, encouraging the youth in the age bracket of 18 - 35 years to tender for business from the Government and Corporate entities through Bid and Performance Bonds.
Benefits
No collateral required.
Minimum Fees and Charges.
Quick turnaround time on the requests, within 24 hours.
The guarantees will be approved for issue by the Bank upto a maximum amount of Kshs 3 million.
Maridadi Boost Loans
Family Bank recognises the role and potential of women in shaping and realizing a better future for our country. Through the Women Entreprise Development Fund, the bank partners even further and empower women through enterpreneural skills training for effective business management.
Eligibility
The loan will only be available to women above the age of 18 years.
It is accessible to individuals or women groups.
Must demonstrate ability to pay
Must have started a business for a Smart Boost!
Benefits
Loans available from Kshs 5,000 to Kshs 500,000
Low interest rate of 8%.
Flexible security requirements
Loan insurance against death and permanent disability
Personal Accident Insurance for account holders
Extended banking hours
Availability of cheques and ATM card
Corporate Banking facilities available
Equity Bank
Equity Bank
Business and Development Loan
Provides funds for working capital and all other business requirements.
Benefits
Affordable interest rate and no hidden charges
Flexible security requirements and repayment terms
Quick processing and disbursement
Loan amount depends on ability to repay
Agricultural Loan
Supports customers dealing with all categories of farming to carry out various farming activities including purchase of farm inputs and equipment.
Benefits
Available to all active account holders
Affordable interest rate and no hidden charges
Flexible security requirements and repayment terms
Quick processing and disbursement
Biashara Imara
This is a working capital loan for small and micro businesses.
Benefits
Affordable with no hidden charges
Quick processing and disbursement on qualification
Flexible security requirements like chattels such as household items and business stock
Flexible repayment terms
Access Equity Bank Loan Application Form here »»
Access Equity Bank's Business Account Opening Form here »»
Equity Bank Invoice Discounting
Invoice Discounting
Giving value to customer’s invoices before maturity at an agreed fee and commission. The facility will be applicable to customers who normally trade on credit terms.
Invoices to be discounted must be from reputable institutions to curb abuse of the facility. The bank has recourse to the client in case of non-payment.
Benefits
Immediate access to the proceeds of sales
Simple operational procedures
Cheaper additional working capital with simplified security requirements
Requirements
Available to Equity Bank customers
An invoice discounting facility
Agreed invoices
Letter of assignment of accounts receivables with recourse
An undertaking to pay Equity Bank directly by the drawee
For more information, click here »»
Business and Development Loan
Provides funds for working capital and all other business requirements.
Benefits
Affordable interest rate and no hidden charges
Flexible security requirements and repayment terms
Quick processing and disbursement
Loan amount depends on ability to repay
Agricultural Loan
Supports customers dealing with all categories of farming to carry out various farming activities including purchase of farm inputs and equipment.
Benefits
Available to all active account holders
Affordable interest rate and no hidden charges
Flexible security requirements and repayment terms
Quick processing and disbursement
Biashara Imara
This is a working capital loan for small and micro businesses.
Benefits
Affordable with no hidden charges
Quick processing and disbursement on qualification
Flexible security requirements like chattels such as household items and business stock
Flexible repayment terms
Access Equity Bank Loan Application Form here »»
Access Equity Bank's Business Account Opening Form here »»
Equity Bank Invoice Discounting
Invoice Discounting
Giving value to customer’s invoices before maturity at an agreed fee and commission. The facility will be applicable to customers who normally trade on credit terms.
Invoices to be discounted must be from reputable institutions to curb abuse of the facility. The bank has recourse to the client in case of non-payment.
Benefits
Immediate access to the proceeds of sales
Simple operational procedures
Cheaper additional working capital with simplified security requirements
Requirements
Available to Equity Bank customers
An invoice discounting facility
Agreed invoices
Letter of assignment of accounts receivables with recourse
An undertaking to pay Equity Bank directly by the drawee
For more information, click here »»
Ebony Foundation
Ebony Foundation
Dumisha Enterprise Support Programme (DEP)
Dumisha is an enterprise support programme that provides technical and funding support to growth oriented micro enterprises to attain self sustainability as they evolve from micro to small and medium enterprises.
Target Enterprises
The programme targets entrepreneurs operating viable, market driven and prudently managed enterprises with the focus being on enterprises demonstrating ability to grow and create employment.
DEP Services
As a DEP Client you will receive the following services:
• Access to finance
• Computer hardware and software
• Access to technical and training opportunities
• Access to a team of dedicated Management and Financial Accountants and Consultants available 24/7
• Access to Business Mentorship opportunities
• Access to various marketing opportunities
• Access to savings, remittance/money transfer and other financial services.
• Linkage to appropriate financial, communication and marketing technology including e-commerce
Product Features
Minimum Loan Amount: Kshs. 100,000.00
Average loan size: Kshs. 500,000.00
Maximum loan size: No limit but based on appropriate appraisal
Interest Rate: Negotiable but below 18% on reducing balance
Dumisha Enterprise Support Programme (DEP)
Dumisha is an enterprise support programme that provides technical and funding support to growth oriented micro enterprises to attain self sustainability as they evolve from micro to small and medium enterprises.
Target Enterprises
The programme targets entrepreneurs operating viable, market driven and prudently managed enterprises with the focus being on enterprises demonstrating ability to grow and create employment.
DEP Services
As a DEP Client you will receive the following services:
• Access to finance
• Computer hardware and software
• Access to technical and training opportunities
• Access to a team of dedicated Management and Financial Accountants and Consultants available 24/7
• Access to Business Mentorship opportunities
• Access to various marketing opportunities
• Access to savings, remittance/money transfer and other financial services.
• Linkage to appropriate financial, communication and marketing technology including e-commerce
Product Features
Minimum Loan Amount: Kshs. 100,000.00
Average loan size: Kshs. 500,000.00
Maximum loan size: No limit but based on appropriate appraisal
Interest Rate: Negotiable but below 18% on reducing balance
Dubai Bank
Credit Schemes
A wide range of credit schemes have been developed to suit the different client needs. The credit schemes are meant to assist customers meet their individual financial obligations.
Loans for commercial purposes aim at encouraging the service industry, trading and manufacturing activities. The Bank's strengths in handling International Banking makes import-export an area of priority.
Credit assessment is based on the following parameters:
• Economic viability of the activity.
• Credit worthiness of Directors/Owners/Promoter.
• Financial contribution of the borrowers.
• Industry/Market specific considerations.
An applicant for credit should have a flawless banking record. Disclosures from borrowers on an ongoing basis include audited accounts, income details, statement of accounts from past/main bankers and Valuation of prime/collateral security.
The different credit products made available to customers of the Bank are:
• Overdrafts- for business and industry.
• Loans- for purchase of vehicles.
• Import/Export Financing- both in Kenya Shillings and in Foreign Currency.
• Overdraft/Loan against Deposit- 90% of the value of the Deposit with the Bank at a spread of 3% over the deposit rate.
A wide range of credit schemes have been developed to suit the different client needs. The credit schemes are meant to assist customers meet their individual financial obligations.
Loans for commercial purposes aim at encouraging the service industry, trading and manufacturing activities. The Bank's strengths in handling International Banking makes import-export an area of priority.
Credit assessment is based on the following parameters:
• Economic viability of the activity.
• Credit worthiness of Directors/Owners/Promoter.
• Financial contribution of the borrowers.
• Industry/Market specific considerations.
An applicant for credit should have a flawless banking record. Disclosures from borrowers on an ongoing basis include audited accounts, income details, statement of accounts from past/main bankers and Valuation of prime/collateral security.
The different credit products made available to customers of the Bank are:
• Overdrafts- for business and industry.
• Loans- for purchase of vehicles.
• Import/Export Financing- both in Kenya Shillings and in Foreign Currency.
• Overdraft/Loan against Deposit- 90% of the value of the Deposit with the Bank at a spread of 3% over the deposit rate.
Diamond Trust Bank
Diamond Trust Bank
Asset Finance
Product Features
A streamlined process: turn-around time is within 48-hours of submitting the application
Flexibility: tailored our repayment plans to suit your needs
Competitive interest rates
Affordable monthly installments of up to 48 months
Financing of both new and used vehicles
Letters of Credit
A Letter of Credit facility allows importers to offer secure payment terms to their suppliers overseas, while simultaneously ensuring the prompt delivery of the goods and services they require.
Import Letters of Credit Services: The Documentary Collections service offers exporters both security and comfort, since DTB takes care of all their document-handling needs on behalf of both export and import clients.
Export Letters of Credit Services: DTB advises and confirms Export Letters of Credit helping exporters mitigate the risks associated with exporting to a new importing country or to new importers.
Documentary Collections: The Documentary Collections service offers exporters both security and comfort, since DTB takes care of all their document-handling needs on behalf of both export and import clients.
Asset Finance
Product Features
A streamlined process: turn-around time is within 48-hours of submitting the application
Flexibility: tailored our repayment plans to suit your needs
Competitive interest rates
Affordable monthly installments of up to 48 months
Financing of both new and used vehicles
Letters of Credit
A Letter of Credit facility allows importers to offer secure payment terms to their suppliers overseas, while simultaneously ensuring the prompt delivery of the goods and services they require.
Import Letters of Credit Services: The Documentary Collections service offers exporters both security and comfort, since DTB takes care of all their document-handling needs on behalf of both export and import clients.
Export Letters of Credit Services: DTB advises and confirms Export Letters of Credit helping exporters mitigate the risks associated with exporting to a new importing country or to new importers.
Documentary Collections: The Documentary Collections service offers exporters both security and comfort, since DTB takes care of all their document-handling needs on behalf of both export and import clients.
Development Bank of Kenya
Development Bank of Kenya
Project Loans
These are normally medium to long term loans structured and tailored to suit unique circumstances of business enterprises and may be in form of Kenya shillings or foreign currency. Interest rates depend on the source and cost of funds.
Project Loans
These are normally medium to long term loans structured and tailored to suit unique circumstances of business enterprises and may be in form of Kenya shillings or foreign currency. Interest rates depend on the source and cost of funds.
Dar es Salaam Community Bank
Dar es Salaam Community Bank
Business Loan
DCB finances Individual business with at least twelve months experience for the purpose of expanding the business.
• Applicants need to be account holders.
• Security for the loan has to be acceptable to the bank.
The applicant is supposed to send a formal credit application letter explaining and attaching the following:
• Requested loan amount
• Purpose of the loan
• Repayment period
• Tender order if any
• Copy of valid business license
• Copy of security document.
• Statement of Accounts of previous year for loan applications exceeding 20 Million.
Companies, in additional to the above, should submit the following:
Partnerships
• Partnerships deed/Agreement on loan application
• One passport size photo for each partner
Limited Company
• Board’s resolutions to borrow
• One passport size photo for each signatory
• An Audited Accounts
• Copy of form No.9
Branches
Head Office & Arnautoglu Branch
Arnautoglu Hall – Mnazi Mmoja
Along Bibi Titi Mohamed Road
Telephone: +255-22-21-80254;
Tabata branch
CCM Mbuyuni
Tabata Dampo area
Telephone: +225 22 2171632
Temeke branch
Temeke road and Evereth road junction
(Opposite Temeke primary Court)
Oposite Temeke primary court
Telephone: +255 -22-2856279
Benki Magomeni Branch
Hotel Travertine Building
Magomeni Mapipa, Kawawa Road.
Telephone: +255-22-2170667
Business Loan
DCB finances Individual business with at least twelve months experience for the purpose of expanding the business.
• Applicants need to be account holders.
• Security for the loan has to be acceptable to the bank.
The applicant is supposed to send a formal credit application letter explaining and attaching the following:
• Requested loan amount
• Purpose of the loan
• Repayment period
• Tender order if any
• Copy of valid business license
• Copy of security document.
• Statement of Accounts of previous year for loan applications exceeding 20 Million.
Companies, in additional to the above, should submit the following:
Partnerships
• Partnerships deed/Agreement on loan application
• One passport size photo for each partner
Limited Company
• Board’s resolutions to borrow
• One passport size photo for each signatory
• An Audited Accounts
• Copy of form No.9
Branches
Head Office & Arnautoglu Branch
Arnautoglu Hall – Mnazi Mmoja
Along Bibi Titi Mohamed Road
Telephone: +255-22-21-80254;
Tabata branch
CCM Mbuyuni
Tabata Dampo area
Telephone: +225 22 2171632
Temeke branch
Temeke road and Evereth road junction
(Opposite Temeke primary Court)
Oposite Temeke primary court
Telephone: +255 -22-2856279
Benki Magomeni Branch
Hotel Travertine Building
Magomeni Mapipa, Kawawa Road.
Telephone: +255-22-2170667
Cooperative Bank of Kenya
Cooperative Bank of Kenya
The mission of the Cooperative Banks is to offer value-added financial services and excellent customer service. The Bank offers the following services for business customers:
Documentary Collections offers the exporter a reasonable degree of protection as the documents are handled by the banking system.
Short Term Loans are flexible and can provide business with financing of term assets for periods from six months to five years.
Overdrafts are a means of financing working capital requirements. Customers only pay interest on the amount utilised.
Co-op Asset Finance gives you the flexibility to finance your moveable assets without tying up any other property or assets as collateral.
Letters of Credit (LCs) provide short-term trade support to customers.
Bond/Guarantees are written undertakings (either conditional or unconditional) issued by the issuing bank on behalf of a corporate customer or overseas bank.
Dar es Salaam Community Bank
The mission of the Cooperative Banks is to offer value-added financial services and excellent customer service. The Bank offers the following services for business customers:
Documentary Collections offers the exporter a reasonable degree of protection as the documents are handled by the banking system.
Short Term Loans are flexible and can provide business with financing of term assets for periods from six months to five years.
Overdrafts are a means of financing working capital requirements. Customers only pay interest on the amount utilised.
Co-op Asset Finance gives you the flexibility to finance your moveable assets without tying up any other property or assets as collateral.
Letters of Credit (LCs) provide short-term trade support to customers.
Bond/Guarantees are written undertakings (either conditional or unconditional) issued by the issuing bank on behalf of a corporate customer or overseas bank.
Dar es Salaam Community Bank
Consolidated Bank
Trade Finance
Consolidated Bank has an active treasury and international business centre that supports it's customer’s international business.
Importers can get:
Import letters of credit
Standby letters of credit
Import documentary collections
Clean collections
Exporters can get:
Export letters of credit
Export documentary collections
Pre shipment finance
Post shipment finance
Other trade products are:
Guarantees and bid bonds
Bills discounting
Solid LOOP
This unique product is targeted at bank customers who may wish to borrow a temporary facility to finance orders, procured from the government, parastatals, reputable firms (blue chip companies) and institutions.
This facility is open to both our customers and non-customers.
Product Features
Flexible terms.
Finance of up to 80% of cost of items to be supplied
Financing of up to Kshs. 3 million
Interest rate offered is Base plus 5%
No minimum amount to be borrowed
Maximum repayment period of 3 months on each borrowing.
Processing within 48 hours
Conditions:
• A duly completed application form
• Applicant to have maintained an account with the bank in the immediate last 6 months prior to the application.
• LPO from the government, a reputable (blue chip) company or parastatal organization.
• Customer to contribute 20-40% of cost of items to be supplied.
• Proforma invoice of items of purchase or quotation issued by dealers or suppliers of items to be supplied.
• Commitment letter from purchaser undertaking to make payment directly to the bank.
• Personal guarantee(s) of the proprietor, partners, shareholders or directors.
• Negotiation fee of 3%
• Where possible/practical, payment cheques to be issued directly to the dealers of goods to be supplied.
Consolidated Bank has an active treasury and international business centre that supports it's customer’s international business.
Importers can get:
Import letters of credit
Standby letters of credit
Import documentary collections
Clean collections
Exporters can get:
Export letters of credit
Export documentary collections
Pre shipment finance
Post shipment finance
Other trade products are:
Guarantees and bid bonds
Bills discounting
Solid LOOP
This unique product is targeted at bank customers who may wish to borrow a temporary facility to finance orders, procured from the government, parastatals, reputable firms (blue chip companies) and institutions.
This facility is open to both our customers and non-customers.
Product Features
Flexible terms.
Finance of up to 80% of cost of items to be supplied
Financing of up to Kshs. 3 million
Interest rate offered is Base plus 5%
No minimum amount to be borrowed
Maximum repayment period of 3 months on each borrowing.
Processing within 48 hours
Conditions:
• A duly completed application form
• Applicant to have maintained an account with the bank in the immediate last 6 months prior to the application.
• LPO from the government, a reputable (blue chip) company or parastatal organization.
• Customer to contribute 20-40% of cost of items to be supplied.
• Proforma invoice of items of purchase or quotation issued by dealers or suppliers of items to be supplied.
• Commitment letter from purchaser undertaking to make payment directly to the bank.
• Personal guarantee(s) of the proprietor, partners, shareholders or directors.
• Negotiation fee of 3%
• Where possible/practical, payment cheques to be issued directly to the dealers of goods to be supplied.
City Finance Bank Ltd
Term Loans
City Finance Bank provides loans for periods of up to 3 years to individuals for various purposes including house purchase, business development among other purposes. In exceptional cases, the period can be extended up to 5 years.
Product Features:
• Verifiable source of sustainable income.
• Acceptable security.
• Acceptable valuation and issuance.
• Competitive and reasonable interest rates.
• Corporate Banking
Loans are also provided for various purposes like finance of machinery, plant, equipment and for other eligible purposes for periods of up to 5 years. Funding is subject to the following basic requirements;
• Financial Statements for the last 3 years.
• Instalments payable monthly.
• Processing fee of 1%.
• Insurance for pledged securities.
• Acceptable security.
The lending rates offered are competitive and negotiable.
Cheque and Bill Discounting
City Finance discounts cheques and bills for eligible customers due for payment by their quality customers. This ranges from between 14 days to 90 days.
City Finance Bank provides loans for periods of up to 3 years to individuals for various purposes including house purchase, business development among other purposes. In exceptional cases, the period can be extended up to 5 years.
Product Features:
• Verifiable source of sustainable income.
• Acceptable security.
• Acceptable valuation and issuance.
• Competitive and reasonable interest rates.
• Corporate Banking
Loans are also provided for various purposes like finance of machinery, plant, equipment and for other eligible purposes for periods of up to 5 years. Funding is subject to the following basic requirements;
• Financial Statements for the last 3 years.
• Instalments payable monthly.
• Processing fee of 1%.
• Insurance for pledged securities.
• Acceptable security.
The lending rates offered are competitive and negotiable.
Cheque and Bill Discounting
City Finance discounts cheques and bills for eligible customers due for payment by their quality customers. This ranges from between 14 days to 90 days.
Centenary Bank Uganda
Centenary Bank Uganda
Centenary Bank was created as a finance institution to serve the economically disadvantaged people especially in rural areas and contribute to the overall economic development of the country.
The banks offers loans to SMEs and Corporates engaged in profitable business activities in a variety of sectors including trade and commerce, transport, manufacturing and processing, fishing, building and construction, health, tourism and recreation.
Types of Commercial/SME/Corporate Loans include:
• Working Capital Loans - Maturity/Tenor is one year e.g. overdrafts, short term loans e.t.c.
• Development loans – Both short and medium term with maturity period of up to 5 years e.g. Real estate dealers, industrialists, school construction e.t.c.
• Trade finance loans for handing payments in trade, bid bonds, guarantees for advance payment, Import loans e.t.c.
• Agricultural loans for financing business agricultural activities in production and processing.
• Letters of Credit to finance import trade.
Basic Requirements:
• Savings or Current account with the Bank.
• Applicant must be resident within the branch designated area of operation.
• Securities include: registered mortgages on immoveable property and guarantees.
• Application fee of UShs. 20,000 and Shs. 50,000 for commercial and corprate loans respectively
• Completed loan application form.
Agricultural Loan
Loans designed to primarily finance business activities in the agricultural sector like crop and animal production, fishing and fish farming, bee keeping as well as food processing. The loan period is dependent on the nature and season of the agricultural activity to be financed.
Basic Requirements:
• Savings or Current account with the Bank.
• Applicant must not be having more than one loan with the Bank at time of application.
• Project undertaken must be an agricultural activity.
• Business project must have a minimum of 2 production seasons.
• Applicant must be resident within the branch designated area of operation.
• Applicant must be owner or tenant of the land on which he/she operates.
• Securities include land titles, unregistered land or moveable assets like cows, goats, sheep, household property or business equipment and tools.
• Application fee of UShs. 5,000.
Micro Business Loan
This is a short term business loan for financing working capital and asset acquisition of micro business enterprises.
Basic Requirements:
• Savings or Current Account with the Bank.
• Movable collateral like vehicles, household property or business assets.
• Guarantees, personal or corporate.
• Application fee of Shs. 5,000.
• Inspection of collateral.
• Legal perfection of collateral and guarantees.
• Applicant must be resident within the branch designated area of operation.
• There must be an on-going business activity
Danida Investment Loan
This is an 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.
Basic Requirements:
• Savings or Current account with Centenary Bank.
• Good credit history of at least two business loans with Centenary Bank.
• Profoma invoice for the equipment purchase.
• Minimum of 1 year experience in the business and equipment use.
For more information contact:
Centenary Rural Development Bank Ltd.,
Phone: +256 414 251 276 / 7, +256 414 346 856, +256 414 232 393
Address: Plot No.7 Entebbe Road,
Talenta House,
Kampala, Uganda.
Centenary Bank was created as a finance institution to serve the economically disadvantaged people especially in rural areas and contribute to the overall economic development of the country.
The banks offers loans to SMEs and Corporates engaged in profitable business activities in a variety of sectors including trade and commerce, transport, manufacturing and processing, fishing, building and construction, health, tourism and recreation.
Types of Commercial/SME/Corporate Loans include:
• Working Capital Loans - Maturity/Tenor is one year e.g. overdrafts, short term loans e.t.c.
• Development loans – Both short and medium term with maturity period of up to 5 years e.g. Real estate dealers, industrialists, school construction e.t.c.
• Trade finance loans for handing payments in trade, bid bonds, guarantees for advance payment, Import loans e.t.c.
• Agricultural loans for financing business agricultural activities in production and processing.
• Letters of Credit to finance import trade.
Basic Requirements:
• Savings or Current account with the Bank.
• Applicant must be resident within the branch designated area of operation.
• Securities include: registered mortgages on immoveable property and guarantees.
• Application fee of UShs. 20,000 and Shs. 50,000 for commercial and corprate loans respectively
• Completed loan application form.
Agricultural Loan
Loans designed to primarily finance business activities in the agricultural sector like crop and animal production, fishing and fish farming, bee keeping as well as food processing. The loan period is dependent on the nature and season of the agricultural activity to be financed.
Basic Requirements:
• Savings or Current account with the Bank.
• Applicant must not be having more than one loan with the Bank at time of application.
• Project undertaken must be an agricultural activity.
• Business project must have a minimum of 2 production seasons.
• Applicant must be resident within the branch designated area of operation.
• Applicant must be owner or tenant of the land on which he/she operates.
• Securities include land titles, unregistered land or moveable assets like cows, goats, sheep, household property or business equipment and tools.
• Application fee of UShs. 5,000.
Micro Business Loan
This is a short term business loan for financing working capital and asset acquisition of micro business enterprises.
Basic Requirements:
• Savings or Current Account with the Bank.
• Movable collateral like vehicles, household property or business assets.
• Guarantees, personal or corporate.
• Application fee of Shs. 5,000.
• Inspection of collateral.
• Legal perfection of collateral and guarantees.
• Applicant must be resident within the branch designated area of operation.
• There must be an on-going business activity
Danida Investment Loan
This is an 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.
Basic Requirements:
• Savings or Current account with Centenary Bank.
• Good credit history of at least two business loans with Centenary Bank.
• Profoma invoice for the equipment purchase.
• Minimum of 1 year experience in the business and equipment use.
For more information contact:
Centenary Rural Development Bank Ltd.,
Phone: +256 414 251 276 / 7, +256 414 346 856, +256 414 232 393
Address: Plot No.7 Entebbe Road,
Talenta House,
Kampala, Uganda.
Business Uganda Development Services
This Scheme is designed to assist private firms realize the value of obtaining and using business development services (BDS) as a leverage to improved and sustainable performance. Firms and business associations can apply for financial support of up to US$ 100,000 cumulatively for a broad range of BDS related activities.
Business Diagnostic
Quality certification and Standards related activities
Financial training/ management
Business plan preparation
Preparation of feasibility studies and business plans
Management information systems
Market research
Penetration and promotion
Business management
New grant products available at BUDS are:
Technology Acquisition Fund (TAF) for exporting firms
Better Business Behaviour Award Scheme (BBBA) to encourage good business behaviour and financial management
Business Plan Competition (BPC) for entrepreneurship and innovation
Business Branding Linkages Program (BBLP)
Contacts:
43 Nakasero Hill Road
Box 7683 Kampala Uganda
Tel: +256312263850 +256312261850
Fax +256312266440
E-mail: psfu@psfuganda.org.ug
Business Diagnostic
Quality certification and Standards related activities
Financial training/ management
Business plan preparation
Preparation of feasibility studies and business plans
Management information systems
Market research
Penetration and promotion
Business management
New grant products available at BUDS are:
Technology Acquisition Fund (TAF) for exporting firms
Better Business Behaviour Award Scheme (BBBA) to encourage good business behaviour and financial management
Business Plan Competition (BPC) for entrepreneurship and innovation
Business Branding Linkages Program (BBLP)
Contacts:
43 Nakasero Hill Road
Box 7683 Kampala Uganda
Tel: +256312263850 +256312261850
Fax +256312266440
E-mail: psfu@psfuganda.org.ug
Business Partners International Kenya SME Fund
Business Partners International Kenya SME Fund invests in local Kenyan small and medium enterprises (SMEs) and provides post-investment technical assistance funding, through the Technical Assistance Facility.
The Fund invests in private small and medium enterprises, using equity, quasi-equity, equity-related and debt instruments. The majority of the assets of all client companies must be held in Kenya, and the majority of their revenues must be earned in the country.
The fund will not invest in any enterprises engaged in arms manufacture or military-related activities, in the manufacture of tobacco or alcoholic spirits, in the operation of casinos or gambling facilities, or in any other companies involved in or associated with prohibited activities. The fund will also not invest in any enterprises that do not comply with BPI's Environmental and Social Guidelines.
The Fund invests in private small and medium enterprises, using equity, quasi-equity, equity-related and debt instruments. The majority of the assets of all client companies must be held in Kenya, and the majority of their revenues must be earned in the country.
The fund will not invest in any enterprises engaged in arms manufacture or military-related activities, in the manufacture of tobacco or alcoholic spirits, in the operation of casinos or gambling facilities, or in any other companies involved in or associated with prohibited activities. The fund will also not invest in any enterprises that do not comply with BPI's Environmental and Social Guidelines.
BLUE
Blue
Blue's products are uniquely designed to meet the needs of our clients on their financial journey. Through an extensive pan-African network and product range, the company is able to meet the needs of traditionally financially underserved people. Product offerings that are country dependant include short term loans, debt consolidation and handset finance.
Consolidation Loan
Clients who have several loans to pay to different suppliers can now consolidate their loans through Blue. This implies that all their loans now go through one payment, at a single rate.
Kenya Branches
Nairobi
address: Ground Floor Main Entrance, Chester House, Koinange Street Nairobi
tel number: +254 20 359 9498
email: nairobi@blueltd.co.ke
Eldoret
address: Chebet & Associates Building, Uganda Road, Opposite General Post Office, Eldoret
tel number: +254 20 231 5052
email: eldoret@blueltd.co.ke
Kakamega
address: Ambwere Towers, Mumias Road, Opposite Equity Bank, Kakamega
tel number: +254 20 231 5647
email: kakamega@blueltd.co.ke
Kisumu
address: Shop 28, Ground floor, Swan Centre Building, Odinga Street, Lower Odinga, Kisumu
tel number: +254 20 234 5644
email: kisumu@blueltd.co.ke
Machakos
address: New Kyeni Kya Aka Building, Ngei Road, Opposite Kenyatta Stadium, Machakos
tel number: +254 20 234 2560
email: machakos@blueltd.co.ke
Mombasa
address: Pearl Arcade, Door No 3, Nyerere Avenue, Mombasa (near the Likon Ferry)
tel number: +254 20 234 5010
email: mombasa@blueltd.co.ke
Rwanda Branch
National Office
address: Plot 1067, Cnr Mille Collines & Peace Avenue, Kigali
tel number: +250 0830 7774
cell number: +250 083 07754
Blue Financial Services Limited Tanzania
Blue Financial Services Limited Tanzania was established in 2007. The company is a local micro-finance institution (MFI), and a subsidiary of international organisation, Blue Financial Services Limited (Blue or the Group).
Tanzania Branches
National Office
address: Shop No 1 & 2, Raha Towers, Crn Bibi Titi Mohamed & Maktaba Street, Dar es Salaam
tel number: +255 22 212 6861 / 3
cell number: +255 717 929 999
email: dar@blue.co.tz or dar2@blue.co.tz
Arusha
address: Corner. Sokoine Road & Jacaranda Street, Opposite Uchumi House, Arusha
tel number: +255 27 254 8140
email: arusha@blue.co.tz
Dodoma
address: Sixth Street, opposite Gapco Filling Station, next to Coasco Dodoma
tel number: +255 26 232 4988
cell number: +255 714 887 000
email: dodoma@blue.co.tz
Kigoma
address: National Housing Corporation New Building Plot No 199, Lumumba Road. Po Box 271
tel number: +255 28 280 3480
cell number: +255 754 651 874
email: kigoma@blue.co.tz
Mbeya
address: Shop No. 23 Uhindini Road, Opposite Tigo Headquaters, Mbeya
tel number: +255 25 250 4264
cell number: +255 756 514 500
email: mbeya@blue.co.tz
Morogoro
address: John Mehenge Street, Plot No 5 J 0004, Next door to Abood Bus Services, Morogoro
tel number: +255 23 261 3516
cell number: +255 755 229 790
email: morogoro@blue.co.tz
Mtwara
address: Section A, Block 10A, Plot no 3, Agakhan Road, Maduka Makubwa, Mtwara
tel number: +255 23 233 4339
cell number: +255 784 462 1502
email: mtwara@blue.co.tz
Mwanza
address: Corner Kenyatta Road & Rwegasore Street, opposite Bahkressa, Mwanza
tel number: +255 28 254 1797
cell number: +255 75 485 4537
email: mwanza@blue.co.tz
Songea
address: Sokoine Road, Chiku Building
tel number: +255 25 2600 619
cell number: +255 717 161 961
email: songea@blue.co.tz
Tabora
address: Jamhuri street, Plot No. 43 Block A Opposite Roman Catholic Church BTN Mihayo Branch & Mihayo Branch & Tabora CRDB Branch
tel number: +255 026 260 6401
cell number: +255 754 928 783
email: tanga@blue.co.tz
Tanga
address: Plot no. TAN -Z Block No. 15 KB III Central Independence Avenue City Center
tel number: +255 27 264 5626
cell number: +255 713 800 989
email: tanga@blue.co.tz
Temeke
address: House 18, Block B, opposite Temeke Hospital
tel number: +255 22 285 6084
Uganda Branches
Arua
address: Plot 60, Weatherhead Road, Park Lane, Arua
tel number: +256 476 420 169
email: arua@blue.co.ug
Fort Portal
address: Plot 19, Lugard Road, Fort Portal
tel number: +256 483 423 683 or 4
email: fortportal@blue.co.ug
Hoima
address: Plot 10, Old Toro Road, Hoima
tel number: +256 465 440 155/4
email: hoima@blue.co.ug
Jinja
address: Plot 15E, Main Street, Jinja Municipality, Jinja
tel number: +256 434 120 055/655
email: jinja@blue.co.ug
Kabale
address: Plot 164, Kabale Road, Kabale Municipality
tel number: +256 486 422 148 or 150
email: kabale@blue.co.ug
Kampala
address: Workers House, Ground floor no 1, Pilkington Road, Kampala Uganda
tel number: +256 414 234 748 or 9
email: kampala@blue.co.ug
Kiboga
address: Upper Kiboga, Opposite Kiboga Hospital, Kiboga
cell number: +256 755 475 244
email: ssessaazi_john@yahoo.com
Kisoro
address: Plot 42, Bunagana Road, Kisoro
cell number: +256 782 444 191
email: sebsglo@yahoo.com
Masaka
address: Plot 25, Kampala Road, Masaka
tel number: +256 481 420 498 or 9
email: masaka@blue.co.ug
Mbarara
address: Plot 19, High Street, Mbarara
tel number: +256 485 421 947/50
email: mbarara@blue.co.ug
Moyo
address: Plot 18, NPL 1884, Kerelu Crescent, Moyo Town, Moyo
cell number: +256 782 649 842
National Office
address: Talemwa Shopping Center, Shop 5, Commercial Street, Masindi
tel number: +256 465 420 659 or 670
email: masindi@blue.co.ug
Nebbi
address: Plot 7, Arua Road, Opposite Radio Paidha
cell number: +256 775 085 623 or +256 782 522 929
email: ajulaog@yahoo.com
Blue's products are uniquely designed to meet the needs of our clients on their financial journey. Through an extensive pan-African network and product range, the company is able to meet the needs of traditionally financially underserved people. Product offerings that are country dependant include short term loans, debt consolidation and handset finance.
Consolidation Loan
Clients who have several loans to pay to different suppliers can now consolidate their loans through Blue. This implies that all their loans now go through one payment, at a single rate.
Kenya Branches
Nairobi
address: Ground Floor Main Entrance, Chester House, Koinange Street Nairobi
tel number: +254 20 359 9498
email: nairobi@blueltd.co.ke
Eldoret
address: Chebet & Associates Building, Uganda Road, Opposite General Post Office, Eldoret
tel number: +254 20 231 5052
email: eldoret@blueltd.co.ke
Kakamega
address: Ambwere Towers, Mumias Road, Opposite Equity Bank, Kakamega
tel number: +254 20 231 5647
email: kakamega@blueltd.co.ke
Kisumu
address: Shop 28, Ground floor, Swan Centre Building, Odinga Street, Lower Odinga, Kisumu
tel number: +254 20 234 5644
email: kisumu@blueltd.co.ke
Machakos
address: New Kyeni Kya Aka Building, Ngei Road, Opposite Kenyatta Stadium, Machakos
tel number: +254 20 234 2560
email: machakos@blueltd.co.ke
Mombasa
address: Pearl Arcade, Door No 3, Nyerere Avenue, Mombasa (near the Likon Ferry)
tel number: +254 20 234 5010
email: mombasa@blueltd.co.ke
Rwanda Branch
National Office
address: Plot 1067, Cnr Mille Collines & Peace Avenue, Kigali
tel number: +250 0830 7774
cell number: +250 083 07754
Blue Financial Services Limited Tanzania
Blue Financial Services Limited Tanzania was established in 2007. The company is a local micro-finance institution (MFI), and a subsidiary of international organisation, Blue Financial Services Limited (Blue or the Group).
Tanzania Branches
National Office
address: Shop No 1 & 2, Raha Towers, Crn Bibi Titi Mohamed & Maktaba Street, Dar es Salaam
tel number: +255 22 212 6861 / 3
cell number: +255 717 929 999
email: dar@blue.co.tz or dar2@blue.co.tz
Arusha
address: Corner. Sokoine Road & Jacaranda Street, Opposite Uchumi House, Arusha
tel number: +255 27 254 8140
email: arusha@blue.co.tz
Dodoma
address: Sixth Street, opposite Gapco Filling Station, next to Coasco Dodoma
tel number: +255 26 232 4988
cell number: +255 714 887 000
email: dodoma@blue.co.tz
Kigoma
address: National Housing Corporation New Building Plot No 199, Lumumba Road. Po Box 271
tel number: +255 28 280 3480
cell number: +255 754 651 874
email: kigoma@blue.co.tz
Mbeya
address: Shop No. 23 Uhindini Road, Opposite Tigo Headquaters, Mbeya
tel number: +255 25 250 4264
cell number: +255 756 514 500
email: mbeya@blue.co.tz
Morogoro
address: John Mehenge Street, Plot No 5 J 0004, Next door to Abood Bus Services, Morogoro
tel number: +255 23 261 3516
cell number: +255 755 229 790
email: morogoro@blue.co.tz
Mtwara
address: Section A, Block 10A, Plot no 3, Agakhan Road, Maduka Makubwa, Mtwara
tel number: +255 23 233 4339
cell number: +255 784 462 1502
email: mtwara@blue.co.tz
Mwanza
address: Corner Kenyatta Road & Rwegasore Street, opposite Bahkressa, Mwanza
tel number: +255 28 254 1797
cell number: +255 75 485 4537
email: mwanza@blue.co.tz
Songea
address: Sokoine Road, Chiku Building
tel number: +255 25 2600 619
cell number: +255 717 161 961
email: songea@blue.co.tz
Tabora
address: Jamhuri street, Plot No. 43 Block A Opposite Roman Catholic Church BTN Mihayo Branch & Mihayo Branch & Tabora CRDB Branch
tel number: +255 026 260 6401
cell number: +255 754 928 783
email: tanga@blue.co.tz
Tanga
address: Plot no. TAN -Z Block No. 15 KB III Central Independence Avenue City Center
tel number: +255 27 264 5626
cell number: +255 713 800 989
email: tanga@blue.co.tz
Temeke
address: House 18, Block B, opposite Temeke Hospital
tel number: +255 22 285 6084
Uganda Branches
Arua
address: Plot 60, Weatherhead Road, Park Lane, Arua
tel number: +256 476 420 169
email: arua@blue.co.ug
Fort Portal
address: Plot 19, Lugard Road, Fort Portal
tel number: +256 483 423 683 or 4
email: fortportal@blue.co.ug
Hoima
address: Plot 10, Old Toro Road, Hoima
tel number: +256 465 440 155/4
email: hoima@blue.co.ug
Jinja
address: Plot 15E, Main Street, Jinja Municipality, Jinja
tel number: +256 434 120 055/655
email: jinja@blue.co.ug
Kabale
address: Plot 164, Kabale Road, Kabale Municipality
tel number: +256 486 422 148 or 150
email: kabale@blue.co.ug
Kampala
address: Workers House, Ground floor no 1, Pilkington Road, Kampala Uganda
tel number: +256 414 234 748 or 9
email: kampala@blue.co.ug
Kiboga
address: Upper Kiboga, Opposite Kiboga Hospital, Kiboga
cell number: +256 755 475 244
email: ssessaazi_john@yahoo.com
Kisoro
address: Plot 42, Bunagana Road, Kisoro
cell number: +256 782 444 191
email: sebsglo@yahoo.com
Masaka
address: Plot 25, Kampala Road, Masaka
tel number: +256 481 420 498 or 9
email: masaka@blue.co.ug
Mbarara
address: Plot 19, High Street, Mbarara
tel number: +256 485 421 947/50
email: mbarara@blue.co.ug
Moyo
address: Plot 18, NPL 1884, Kerelu Crescent, Moyo Town, Moyo
cell number: +256 782 649 842
National Office
address: Talemwa Shopping Center, Shop 5, Commercial Street, Masindi
tel number: +256 465 420 659 or 670
email: masindi@blue.co.ug
Nebbi
address: Plot 7, Arua Road, Opposite Radio Paidha
cell number: +256 775 085 623 or +256 782 522 929
email: ajulaog@yahoo.com
Biashara Factors Company Limited
Biashara Factors Company Limited
Kenya Gatsby Trust has established a new institution, a company led by shares for its fast growing factoring financial product that will offer service to smallscale producers and micro small and medium enterprises (MSMEs).
The company known as Biashara Factors Limited will intervene to support the existing clientele and other MSMEs access and sustain markets hence promoting their growth.
Factoring is a form of business financing that allows you to sell your accounts receivable in exchange for immediate cash. This provides you with the financing you need and capitalizes on your strongest asset - your receivables form strong credit worthy customers.
The receivables factoring process is very simple and works as follows:
Your company delivers the goods or services to the customer.
An invoice is generated and sent to the client and the factoring company.
The factoring company advances you between 70% and 95% of the gross value of the invoice. This is your 1st installment.
Once the factoring company receives payment from your customer, the remaining funds are advanced as your 2nd installment (less a small fee)
As opposed to a business loan or line of credit, accounts receivable factoring is easy to obtain and can be set up in about a week. The biggest requirement is that your company do business with reputable commercial (or government) customers.
Contacts:
Biashara Factors Company Limited
Eclof House, Plot No. 47, Rhapta Road, Westlands
Tel: No. +254 020 2391444, 4440137
Email: info@kenyagatsby.org
Kenya Gatsby Trust has established a new institution, a company led by shares for its fast growing factoring financial product that will offer service to smallscale producers and micro small and medium enterprises (MSMEs).
The company known as Biashara Factors Limited will intervene to support the existing clientele and other MSMEs access and sustain markets hence promoting their growth.
Factoring is a form of business financing that allows you to sell your accounts receivable in exchange for immediate cash. This provides you with the financing you need and capitalizes on your strongest asset - your receivables form strong credit worthy customers.
The receivables factoring process is very simple and works as follows:
Your company delivers the goods or services to the customer.
An invoice is generated and sent to the client and the factoring company.
The factoring company advances you between 70% and 95% of the gross value of the invoice. This is your 1st installment.
Once the factoring company receives payment from your customer, the remaining funds are advanced as your 2nd installment (less a small fee)
As opposed to a business loan or line of credit, accounts receivable factoring is easy to obtain and can be set up in about a week. The biggest requirement is that your company do business with reputable commercial (or government) customers.
Contacts:
Biashara Factors Company Limited
Eclof House, Plot No. 47, Rhapta Road, Westlands
Tel: No. +254 020 2391444, 4440137
Email: info@kenyagatsby.org
AKIBA Commercial Bank
AKIBA Commercial Bank
AKIBA Commercial Bank commenced operations in August 1997 as an initiative of over 300 Tanzanian entrepreneurs who were mostly inspired to move into microfinance by the moral and political concern for the plight of Tanzanians, as opposed to the overall commercial attraction.
GROUP MICRO LOANS
Under this scheme, customers are able to borrow as little as TZS 20,000 and as much as TZS 5 million with no tangible securities other than their savings and the guarantees that members of the group give to each other. The total portfolio size currently stands at TZS … billion.
INDIVIDUAL MICRO LOANS
AKIBA’s individual micro loan is characterized by quick turn around time and flexible loan terms–more flexible than any of the products offered by its direct competitors. The minimum loan amount is TZS 200,000 and the maximum currently stands at TZS 10 million. Beyond this, customers graduate to SME loans and further to corporate loans and overdrafts depending on their working capital requirements.
Head Office
TELECOMMS
TDFL Building – Phase II
P.O. Box 669 Dar es Salaam,
Tanzania Tel: +255 22 2118340-3
Fax: +255 22 2114173
Email: akiba@cats-net.com
AKIBA Commercial Bank commenced operations in August 1997 as an initiative of over 300 Tanzanian entrepreneurs who were mostly inspired to move into microfinance by the moral and political concern for the plight of Tanzanians, as opposed to the overall commercial attraction.
GROUP MICRO LOANS
Under this scheme, customers are able to borrow as little as TZS 20,000 and as much as TZS 5 million with no tangible securities other than their savings and the guarantees that members of the group give to each other. The total portfolio size currently stands at TZS … billion.
INDIVIDUAL MICRO LOANS
AKIBA’s individual micro loan is characterized by quick turn around time and flexible loan terms–more flexible than any of the products offered by its direct competitors. The minimum loan amount is TZS 200,000 and the maximum currently stands at TZS 10 million. Beyond this, customers graduate to SME loans and further to corporate loans and overdrafts depending on their working capital requirements.
Head Office
TELECOMMS
TDFL Building – Phase II
P.O. Box 669 Dar es Salaam,
Tanzania Tel: +255 22 2118340-3
Fax: +255 22 2114173
Email: akiba@cats-net.com
Agaru Cooperative Savings and Credit Society
Agaru Cooperative Savings and Credit Society
Agaru SACCO also provides financial services to Small & Medium Enterprises (SMEs) including commercial loans. These loans lead to improved profits and thus in turn the SMEs would save with Agaru SACCO.
Some of the loan types offered include;
• Agriculture Loan
• Commercial Loan
• Motor Cycle Loan
For more information, please contact:
Agaru Cooperative Saving and Credit Society,
Pader District.
Tel: +256-772-311810
E-mail: info@agarusacco.com
Agaru SACCO also provides financial services to Small & Medium Enterprises (SMEs) including commercial loans. These loans lead to improved profits and thus in turn the SMEs would save with Agaru SACCO.
Some of the loan types offered include;
• Agriculture Loan
• Commercial Loan
• Motor Cycle Loan
For more information, please contact:
Agaru Cooperative Saving and Credit Society,
Pader District.
Tel: +256-772-311810
E-mail: info@agarusacco.com
Agaru Cooperative Savings and Credit Society
Agaru Cooperative Savings and Credit Society
Agaru SACCO also provides financial services to Small & Medium Enterprises (SMEs) including commercial loans. These loans lead to improved profits and thus in turn the SMEs would save with Agaru SACCO.
Some of the loan types offered include;
• Agriculture Loan
• Commercial Loan
• Motor Cycle Loan
For more information, please contact:
Agaru Cooperative Saving and Credit Society,
Pader District.
Tel: +256-772-311810
E-mail: info@agarusacco.com
Agaru SACCO also provides financial services to Small & Medium Enterprises (SMEs) including commercial loans. These loans lead to improved profits and thus in turn the SMEs would save with Agaru SACCO.
Some of the loan types offered include;
• Agriculture Loan
• Commercial Loan
• Motor Cycle Loan
For more information, please contact:
Agaru Cooperative Saving and Credit Society,
Pader District.
Tel: +256-772-311810
E-mail: info@agarusacco.com
African Agricultural Capital (AAC)
African Agricultural Capital (AAC)
In response to the absence of an investment facility which focuses on the development of private initiative in the agriculture sector in East Africa, the Rockefeller Foundation, the Gatsby Charitable Foundation and Volksvermogen NV have established African Agricultural Capital (AAC), a venture capital investment fund specifically created to invest in small and medium-sized agriculture-related businesses in East Africa.
Information For Investees
Investment is restricted to small and medium sized companies which require risk capital to expand or to introduce new technology or production systems. Investments are made where physical conditions and/or market access create national, regional or international competitive advantage, depending on the nature of competition within the sub-sector.
AAC places particular value on the quality of the entrepreneur and management team in assessing whether or not to pursue investment opportunities. AAC looks for entrepreneurs who want to build businesses (and management teams) rather those who are motivated by an immediate desire for financial rewards and social status.
Sponsors will also need to demonstrate:
Expert market knowledge
A previous track record
Leadership skills
Good reputation
Investment Parameters
AAC's investment locations are currently limited to Kenya, Uganda & Tanzania. In future, AAC will also invest in Rwanda and Burundi, subject to expanding its capital base.
AAC aims for a broad portfolio diversification by agricultural sub-sector and agriculture value chain distribution.
No more than 15% of AAC's committed capital, i.e. US$1,000,000, is invested in any single portfolio company.
AAC does not set a minimum investment size, but it is unlikely that AAC will actively seek investments below $100,000 due to fixed costs per investment.
Investment Criteria
In order to qualify for investment consideration, investee companies are required (save under exceptional circumstances) to satisfy AAC's four principal investment evaluation criteria, as follows:-
Business Environment Criteria
No state marketing interventions in the sub-sector
Absence of domestic price controls on agricultural products
No unduly restrictive regulatory burdens on the sub-sector
Enterprise Criteria
Segment and market growth:
Growth trend shown in historic and forecast demand volume.
Competitive Advantage:
Regionally competitive cost of production.
Product quality matching or exceeding regional industry standards.
Stable prices: Increasing or stable forecast product prices.
Performance Criteria
Track record:
Minimum one year audited financial record.
Positive reputation with banks, suppliers and customers.
Management team:
Professional and technical skills present in management team.
Continuity; low management and workforce turnover.
Team approach; not excessively reliant on one or two individuals.
Growth plan:
Well-researched and realistic marketing plan.
Defensible business assumptions.
Appropriate risk-sharing financial structure.
Achievable implementation plan.
Developmental criteria
Social impact:
Overall job creation resulting from growth plan.
Skills development in rural communities.
Equal opportunities by age, gender and health status.
Economic impact:
Benefits from economic growth accruing to rural communities.
Environmental impact:
No apparent adverse environmental impact.
A typical investment could be made up of all or any of:
Sufficient equity to demonstrate a meaningful ownership partnership and to enable AAC to play a role in Board decisions. This will usually be approximately 25% of the company?s equity but could be less depending on the pre-investment ownership structure.
Loan capital over a 3-7 year term, priced at commercial rates of return adjusted for business risk.
Option to convert loans into equity at a pre-agreed strike price.
Guarantee provided to a commercial lender.
Participation in co-financed deals that meet AAC's investment criteria
For further information please contact info@aac.co.ke
Investee Requirements
Businesses seeking investment and who meet AAC's investment criteria need to provide the following information:
A brief description of the business, including its history and the estimated financial assistance required.
Details of the business's owners and managers, including an organization chart and brief CVs of key management personnel
A description of the business's current products, markets and distribution arrangements, including details of your customer profile and supply chain (major customers and suppliers, distribution/agency arrangements, etc)
A business plan going forward, which clearly sets out the financing requirement and key assumptions and which presents financial forecasts for at least five years
Copies of the business's audited financial statements for at least the preceding year, plus up to date management accounts, and a description of current financing structure, borrowing facilities, etc
A broad description of business' impact on smallholder farmers and rural communities in its home country and elsewhere in East Africa, including, if possible, and indication of the numbers of farmers involved, the extent of your producer network, etc
For further information contact info@aac.co.ke
In response to the absence of an investment facility which focuses on the development of private initiative in the agriculture sector in East Africa, the Rockefeller Foundation, the Gatsby Charitable Foundation and Volksvermogen NV have established African Agricultural Capital (AAC), a venture capital investment fund specifically created to invest in small and medium-sized agriculture-related businesses in East Africa.
Information For Investees
Investment is restricted to small and medium sized companies which require risk capital to expand or to introduce new technology or production systems. Investments are made where physical conditions and/or market access create national, regional or international competitive advantage, depending on the nature of competition within the sub-sector.
AAC places particular value on the quality of the entrepreneur and management team in assessing whether or not to pursue investment opportunities. AAC looks for entrepreneurs who want to build businesses (and management teams) rather those who are motivated by an immediate desire for financial rewards and social status.
Sponsors will also need to demonstrate:
Expert market knowledge
A previous track record
Leadership skills
Good reputation
Investment Parameters
AAC's investment locations are currently limited to Kenya, Uganda & Tanzania. In future, AAC will also invest in Rwanda and Burundi, subject to expanding its capital base.
AAC aims for a broad portfolio diversification by agricultural sub-sector and agriculture value chain distribution.
No more than 15% of AAC's committed capital, i.e. US$1,000,000, is invested in any single portfolio company.
AAC does not set a minimum investment size, but it is unlikely that AAC will actively seek investments below $100,000 due to fixed costs per investment.
Investment Criteria
In order to qualify for investment consideration, investee companies are required (save under exceptional circumstances) to satisfy AAC's four principal investment evaluation criteria, as follows:-
Business Environment Criteria
No state marketing interventions in the sub-sector
Absence of domestic price controls on agricultural products
No unduly restrictive regulatory burdens on the sub-sector
Enterprise Criteria
Segment and market growth:
Growth trend shown in historic and forecast demand volume.
Competitive Advantage:
Regionally competitive cost of production.
Product quality matching or exceeding regional industry standards.
Stable prices: Increasing or stable forecast product prices.
Performance Criteria
Track record:
Minimum one year audited financial record.
Positive reputation with banks, suppliers and customers.
Management team:
Professional and technical skills present in management team.
Continuity; low management and workforce turnover.
Team approach; not excessively reliant on one or two individuals.
Growth plan:
Well-researched and realistic marketing plan.
Defensible business assumptions.
Appropriate risk-sharing financial structure.
Achievable implementation plan.
Developmental criteria
Social impact:
Overall job creation resulting from growth plan.
Skills development in rural communities.
Equal opportunities by age, gender and health status.
Economic impact:
Benefits from economic growth accruing to rural communities.
Environmental impact:
No apparent adverse environmental impact.
A typical investment could be made up of all or any of:
Sufficient equity to demonstrate a meaningful ownership partnership and to enable AAC to play a role in Board decisions. This will usually be approximately 25% of the company?s equity but could be less depending on the pre-investment ownership structure.
Loan capital over a 3-7 year term, priced at commercial rates of return adjusted for business risk.
Option to convert loans into equity at a pre-agreed strike price.
Guarantee provided to a commercial lender.
Participation in co-financed deals that meet AAC's investment criteria
For further information please contact info@aac.co.ke
Investee Requirements
Businesses seeking investment and who meet AAC's investment criteria need to provide the following information:
A brief description of the business, including its history and the estimated financial assistance required.
Details of the business's owners and managers, including an organization chart and brief CVs of key management personnel
A description of the business's current products, markets and distribution arrangements, including details of your customer profile and supply chain (major customers and suppliers, distribution/agency arrangements, etc)
A business plan going forward, which clearly sets out the financing requirement and key assumptions and which presents financial forecasts for at least five years
Copies of the business's audited financial statements for at least the preceding year, plus up to date management accounts, and a description of current financing structure, borrowing facilities, etc
A broad description of business' impact on smallholder farmers and rural communities in its home country and elsewhere in East Africa, including, if possible, and indication of the numbers of farmers involved, the extent of your producer network, etc
For further information contact info@aac.co.ke
Subscribe to:
Posts (Atom)