These are the commercial loan to micro-enterprise/small business. The loan under this category shall be appraised and sanctioned against satisfactory cash flow, income, collateral & guarantee based on the following product features;

  1. Eligibility: Any individual with valid Trade Business License;
  2. Purpose   
    •  Partial financing for a business or purchase of a business;
    • Expansion of a business such as:
      1. Purchase of equipment;
      2. Expansion of working facilities;
      3. Modernizing a plant;
  3. Overdraft Facilities/Business Loan; and
  4. Setting up of new business ventures.
  5. Rate of Interest: 19.5% p.a
  6. Tenor: Maximum of five years.
  7. Quantum: Maximum of Nu.500,000.00 (five hundred thousand only).