Our Products / Services
Project Loan
OVERVIEW
Loan to Group of clients pursuing a common project or individual member involved in a project.
Features
- The use of the funds to meet the minimum criteria as per the policy definition of what constitute a project.
- Loan term: up to 5 years depending on the nature of project .
- Loan to be granted in phases depending on the nature of the project in line with the standard policies.
- 3-month grace period maximum.
Requirements
- Project proposal from potential borrower to form basis for phase one disbursement.
- Viability analysis report from relevant specialist of the project e.g., an agronomist, contractor e.t.c.
- Borrower must be channeling other incomes through an escrow bank account.
- Regular reporting of progress by borrower and/or specialists of the project e.g., agronomist, contractor e.t.c. and valuation of work in progress to form basis of the next phase of disbursement.
- Monthly repayment from the project returns.
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Security options:
a) Client to finance 25% of project.
b) Assets.
c) Guarantors.
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