Overview

Working capital and capital expenditure 

Lending Methodology

  • Business loan 

Repayment frequency

  • Monthly 

Grace period

  • Up to 3 months depending on the nature of business 

Pricing

  • 5% Establishment fees
  • 2.5% insurance
  • 15% per month interest on reducing balance  

Loan limits Tenure

  • Up to ZWL100 000.00 up to 12 months.

 

Who qualifies?

  • MSMES in the informal sector   

What you need to apply

  • Business Plan/ cash flows
  • Financial records- invoice book
  • Sales records Trade references.

Collateral requirement

  • Movable assets for loans up to ZWL50 000
  • Immovable property for loans above ZWL50 000