Duly registered business

Mantaining active account at Gulf African Bank

+ 6 months in operations

Bank/Mpesa statement for the last 12 Months

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

·        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

• Mobile phone–based financial services or business models built on mobile payment platforms;
• Specialized credit assessment or delivery models (e.g., underwriting/credit scoring approaches, housing, education, small and medium enterprise finance, energy);
• Online or social media platforms for enabling financial access (e.g., peer-to-peer, social media);
• Pay-as-you-go, collaborative consumption, and other “embedded” financial service models (e.g., micro-leasing, rent-to-own, modular housing); and
• New products (e.g., savings, remittances/payments, microinsurance, and credit) for people living in poverty.

• Contract document.
• Must be a Kingdom Bank account holder .
• The counter-party must be a bank-approved entity and recognized by the bank.

KYC DOCUMENTS

• proven business model (and full business plan and financial operating history for larger investments)
• strong management team
• potential for long-term growth
• potential positive impact on people, economies and the environment
• And in line with our Investment Policy and Procedures.

• 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

• Economic Drivers/Viability: Business model fit and growth prospect (i.e. profit, turnover, cash flow, efficiency and market potential) and the business capacity (i.e. governance, financial and risk management)
• Social impact: Inclusion of smallholder farmers, pastoralists, job creation, influence on food security and improved nutrition, gender and youth inclusion, and inclusion of arid areas.
• Environmental impact: Inclusion of climate smart approaches at farm and enterprise level
• Additionality and level of leverage.
• A minimum 50% match fund required –own sources or external equity investment

• 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

• Open to individual borrowers and groups
• Viability of the business
• Tangible security for the loan
• 20 % equity contribution towards the project.

• Tangible security for the loan
• Appropriate and approved crop varieties
• Availability of processing facilities within reasonable distances.

• Relevant experience in floriculture & horticulture
• Compliance with regulatory requirements
• Adequate water supply

• 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

• 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

• 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

• Registration bsiness
• Business permit

• National Identity card
• KRA PIN Certificate
• Individual insurance form
• Registration certificate (if it is a sole proprietorship)
• 12 month’s account statement certified
• Copies of current contracts
• Proforma invoice/Sale agreement
• Logbook copy/import document
• Detailed company profile
• Business permit

• Kenyan Citizen
• Age 18+ years

Must be an account holder having operated an account for more than 6 months.

• Certificate of incorporation
• Memorandum & Article of Association
• Resolution from the Board of Directors to open an account and identification of those who have authority to operate the account
• Copy of the KRA pin certificate of the company
• Business permit
• Certificate of trading for public ltd companies/where applicable
• ID or passport for directors & signatories
• Introduction from existing customer /RM/BM /certification by the marketing staff
• Download Non-Individual Account Opening form

• At least 10% co-investment
• 2 guarantors
• Collaterals

• Minimum own contribution of up to 20% for new vehicles and 50% for land
• Individuals qualify based on ability to service the loan.

• Filled in U&I Loan application form
• Copy of national ID card
• U&I Bank statements
• Passport photo
• KRA pin copy
• Profoma Invoice from the seller
• Valuation report from a valuer

1. Customer needs to be in profitability
2. Security acceptable by the Bank
3. Customer need not to be listed on CRB list

1. 3 Yrs Audited Financials
2. Management Account for the Current Year
3. 6 Months Bank Statement
4. Business Registration Certificate, Certificate of Incorporation
5. Company & Directors' KRA PIN
6. Directors' ID Copies
7. CR12

• Registration form duly completed
• National identity card/passport – original and copy
• KRA Pin certificate
• 3 month’s payslip (if employed)

• KYC documents i.e. directors ID and PIN, Company PIN, MEMART and certificate of registration
• Business records
• Copy of security
• 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 months bank statement with Maximum EMI(Equated Monthly instalment) of 30% of MACAT(monthly Average Credit Account Turnovers)
• Provide documentary evidence of at least three year experience in the line of business
• For limited companies Specific debenture over the asset being purchased

• Have a business not less than a year old
• Business should have regular cash flow
• Business license of the current year where applicable
• Open an account with Co-operative Bank
• Statements of accounts from other banks if your Co-op Bank account is less than 6 months old

• Must have undertaken a similar contract.
• The Tender must be in line with the Customer's business

• Guarantee application Form
• Pin, ID copies for the applicant ( Where client is not banked )
• Certificate of Incorporation (Where client is not banked )
• Contract/Tender documents
• Format of Guarantee (where applicable).

• The loan process is designed to allow the borrower to build credit with Branch and unlock larger loan amounts.

.Clean CRB report.

.Borrower must Bank at Rafiki for at least 6 months if previously unbanked or 3 months if banking in another institution.

. Borrower to have previous borrowing history if banking in another institution.

. Dully filled application form.

.National ID and PIN of borrower or all Directors if it’s a company borrowing. (Originals and copies).

. Certified 6 months bank statements.

.Certificate of registration for business/Certificate of incorporation for companies.(original and copy)

.Memorandum and articles of association. (original and copy)

. CRB report

.Audited financial statements or management accounts for Companies

. Borrower’s business records.

. Sketch map of the residence and business premises of the borrower

. Utility bills

Must have been in business operations for at least 3 years

• Application form duly completed                     
• Board of Directors resolution to open accounts                   
• Certificate of incorporation/Registration    
• Company PIN & VAT          
• ID & PIN copies of all directors
• Copy of Annual Returns/CR 12
• Utility Bill                    
• Proposal for borrowing indicating amount being borrowed, Purpose, type of facility required, proposed repayment period and any other relevant information  
• Audited accounts for the last three years
• Current management accounts
• Cash flow projections for the next five years

Duly registered business

+ 6 months in operations

Hold an active account with GAB

Business registration certificate

Certified/original bank statements for the last 2 years

Copy of ID/Passport

Certificate of the official title search

Copy of title of the property

• Innovative ideas that stimulate and/or enrich/contribute to next generation approaches in growing Africa’s Agriculture
• Models that seek to scale new, in-demand publicly-bred varieties of food crops (climate-smart and nutrition focus will be considered an advantage.
• Crops must go beyond hybrid maize.
• Ability to leverage partnerships that increase the availability of other key inputs necessary for maximizing the benefits of improved seed varieties including farmers’ access to appropriate finance, extension services, technologies and output markets.

• Active Equity Bank account holder.
• Demonstrate loan repayment ability.
• One-year experience in commercial farming or one successful production cycle.
• Demonstrate the existence of other sources of income that could be used in repayment of the loan in case of crop failure, loss of harvest and/or poor marketing due to adverse weather and/or any other factors.
• Provide documentary evidence of farm ownership to be used for production or a valid lease agreement covering at least two future production cycles.
• The farming project to be financed must be within a radius of 50km from the Bank branch and easily accessible to the Bank officials.
• Provide conventional security to cover the loan.

• Equity Bank account statement.
• Farm ownership title or a valid lease agreement covering at least two future production cycles.
• Conventional security documents e.g. Title, log books etc.