Loan Features

• Individual business loan
• Proof of business location and existence.
• Registered with government of Uganda with a TIN number and trading license.
• Can prove that the business is earning an income (Cashflow presented and proved with bank statement or mobile money transactions).
• Prove that the business has been operational for a minimum of two (2) years.
• A member can only secure this product without a collateral for a maximum of 5,000,000/= and payable within a year.
• Any amount secured beyond 5,000,000/= should have a guarantor(s) who are member (s) of the cooperative. The share amount for the loan applicant and the guarantor should be worth 60% of the total amount applied for as a loan.
• The first time borrower can only borrow up to a tune of 10,000,000/= (Ten million shillings)
• The maximum amount one can secure is 30,000,000/= (Thirsty million shillings)