Financing Options and Providers
Total results: 134
The Annisaa Biashara financing is designed for the lady looking to finance her business.
Duly registered business
Mantaining active account at Gulf African Bank
+ 6 months in operations
Bank/Mpesa statement for the last 12 Months
48
Aquisition of machinery, pick ups and personal vehicles, used trucks and trailers, New trucks and trailers
Registered business
Operational for > 6 months
Account holder
Limited Companies - Memorandum & Articles of Association, Certificate of Incorporation, Latest annual returns and filing receipts.
Sole Proprietorship - Certificate of registration
60
To provide the best solutions to businesses to purchase movable assets such as commercial motor vehicles, personal vehicles and motor bikes for bodaboda.
· Character assessment (Not listed on CRB)
· Adequate cashflows
· Business Registration Certificate
· KRA PIN of the company
· KRA PIN of the individual
· Copy of your Identity card
60
Purchase of vehicle and machinery
Finance for working capital against logbook
Release of funds used in purchase of vehicles in the last 12 months
Business operation for 2 years
Business KYC
72
- Unsecured up to KES 50,000
- Easy collateral up to KES 300,000
- Standard collateral > KES 300,000
- Certificate of registration
- National identification card (for Kenyan citizens) / Passport (Non Kenyans) 1 passport size photo
- KRA PIN
- Residential address confirmation ( name estate, road and house number) for all directors and signatories (use the attached format)
- Company physical address confirmation
- Personal return
- Revenue stamp – KES100
36
- Detailed Analysis of the agricultural project including expected revenues and all the cost items e.g. seeds, animal purchases, herbicides, pesticides, harvesting and labour.
- A comparative analysis of the neighbourhood to establish the kind of farming carried out, expected harvest and suitability of the farming activity the customer is carrying out
- 12 months bank statement
- Documentary evidence of farm ownership or a valid lease agreement covering at least one future production cycles
- Documentary evidence of the last three year experience in the line of business
- Good credit history
- For limited companies Specific debenture over the asset being purchased
- KYC documents i.e. directors ID and PIN, Company PIN, MEMART and Certificate of registration
- Business records
- Copy of security
- Land ownership/lease agreements documents
- Dully completed loan application as per account mandate and appraisal form, resolution to borrow.
- Current Valuation Report from bank’s authorized valuers is required for used motor vehicles
- Complete security perfection after the approval.
- Detailed call report including photos and sketch maps
12
Alterfin extends funding to microfinance institutions and to associations of smallholder farmers or companies.
- Number of years of operation > 2
- Gross Loan Portfolio > USD 1,000,000
- Broad outreach: minimum 1000 clients or members
- Deep outreach: oriented towards poorer sections of society: rural, agricultural, women
- PAR 30 days + restructured + write-off < 10%
- Operational Self Sufficiency > 80% and positive trend
- Leverage < = 5
60
Extends financing to smallholder farmers' organizations.
- Number of years of operation > 2
- Benefits for smallholder farmers should be demonstrated (e.g. by fairtrade label)
- Minimum number of farmers benefiting: 150
- Minimum yearly sales > USD 500,000
- Operational Self Sufficiency > 90% and a positive trend
- Purchase orders
- Physical asset collateral
18
To finance the purchase of a movable asset for the business
Showcase ability to service loan
• Copies of identification documents, that is, Memorandum & Articles of Association as well as Certificate of Incorporation (for registered companies)
• Business Registration Certificate
• Identity cards for borrowers who do not have registered businesses
• Identity cards for directors of registered companies and registered businesses
• Bank statements for 6 months
• Audited accounts for loans above Ksh 10 million
• Resolution to borrow (for registered companies) and details of business location
• Invoices and/or importation documents
60
To enable acquisition of assets including motor vehicles, equipment, plant and machinery by individuals, businesses and companies.
- Ability to repay.
- Business performance.
- Satisfactory credit history.
- Duly completed Loan Application Form
- One recent Passport photograph of the Customer/ Company Director
- Copy of KRA PIN certificate
- Business Registration Certificate/Certificate of Incorporation/ Partnership Deed
- Introduction letter from employer for salaried Customers
- For limited companies, board resolution to borrow
60
Financing facilities
The Financing Gateway provides you with a free listing of the many financing instruments available for MSMEs. It enables you to filter the instruments that match your needs and click through to the –financing provider’s Internet pages or Contact agent details to find out more and apply.
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