The loan is advanced to youth who have existing businesses and are able to provide security. The financing provides friendly large scale financing for business expansion to applicants (may be individual, partnerships or limited companies)
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Youth Enterprise Development Fund -Agri-Vijana Loan
The Youth Enterprise Development Fund has partnered with Smart Solutions Africa (SSA) to support young farmers in acquiring green houses and global compliant agricultural inputs
Finances land preparation, purchase of farm inputs and implements, livestock feeds, labour finances, business stock, harvest and other agricultural activities. It offers easy and convenient repayment through the monthly pay outs.
Finances women led SACCOs and SACCOs with a good credit history for on lending purposes. Through a partnership with 13 SACCOS, borrowers access individual loans at a subsidized Interest rate of 8% reducing balance per annum.
£66,090
Reputable Kenyan SACCO/Co-operative Union/Women owned institution legally registered in Kenya.
Evidence of certificate of incorporation/registration. • Valid KRA tax compliance certificate.
Valid Trading license.
Copies of National IDs and PIN Certificates for all directors/officials.
Resolution to borrow in case of a Limited Company capturing amount, purpose, and proposed security (Must be sealed).
CR12 in case of a Limited Company.
Articles and Memorandum of Association.
Contact details i.e. postal, physical and email address of the SACCO/Co-operative Union/institution's headquarter and name of contact person for purpose of seeking clarification.
Have a minimum of three years’ experience in SACCO lending operations.
Have women- friendly products, offering financial services to urban and/or rural women enterprises (provide list of products & services offered).
Must have an appropriate governance and management structure.
Their branches geographical coverage/geographical representation by counties and constituencies.
Must submit certified copies of audited accounts for at least, the last three (3) years.
Provide a summary of their loan book portfolio.
Must have a robust automated system for their loan book management.
Must demonstrate ability to pledge marketable collateral securities: bank guarantees, fixed deposits and shares listed in the stock exchange.
Have Competent Management & Personnel; Management MUST be gender responsive. The CVs of members of the management must be attached.
Have sufficient and experienced credit staff; profile and qualification must be availed.
Statement of litigation history.
Clean Credit Reference Bureau (CRB) reports of directors/officials of the SACCO.
License from SACCO Society Regulatory Authority (SASRA), where applicable.
Borrowing Powers as approved by the Commissioner of Co-operatives, where applicable.
The business must be in existence for at least 12 months.
The minimum facility amount is KES100,000.
The debt-service ratio is 50%.
Certificate of incorporation or certificate of compliance if not locally incorporated
Memorandum and articles of association
Company PIN certificate
National identification card (for Kenyan citizens)/Passport (for foreigners) for all directors (plus ultimate beneficiary owners if company is owned by other companies) and signatories/known agents
1 passport-size photo each for all the signatories and directors/known agents
Board resolution specifying the signing powers on the company letter head sealed with the company seal
Signed Absa account opening pack (sealed )
Residential address confirmation (name estate, road and house number) for all directors and signatories (use the attached format)
Company physical address confirmation (can be found in the new PIN certificates)
Annual returns (for companies registered over one year ago)
Provides accessible and efficient trade finance loans up to 70% of the value of export contracts that enables agricultural exporters to pay their farmers upon delivery of their produce.
£2,180,970
Financially and commercially sustainable
Size of the enterprise: minimum annual exports of USD 800,000 or the equivalent in Euros
Minimum annual turnover of USD 1,000,000 or the equivalent in Euros
Three years of track record in export
Sustainability certification (such as organic, fair trade, Utz, and Rainforest) or a conversion plan in place.
Channel farm sales proceeds directly to Transnational Bank or check off arrangements must be in place.
A minimum own contribution of 30% of asset value
Certificate of incorporation or certificate of compliance if not locally incorporated
Memorandum and articles of association
Company PIN certificate
National identification card (for Kenyan citizens)/Passport (for foreigners) for all directors (plus ultimate beneficiary owners if company is owned by other companies) and signatories/known agents
1 passport-size photo each for all the signatories and directors/known agents
Board resolution specifying the signing powers on the company letter head sealed with the company seal
Residential address confirmation (name estate, road and house number) for all directors and signatories (use the attached format)
Company physical address confirmation (can be found in the new PIN certificates)
Annual returns (for companies registered over one year ago)
The bank issues letters of guarantee on behalf of customers and these facilities are subject to the same credit vetting and approval process as any other credit facility. Guarantees include all forms of guarantee commitments issued by the bank i.e. bid bonds, advance payment guarantees, performance guarantees among others.
Gives producer organisations and SMEs access to affordable financing which allows the organisations to better finance the purchase and processing of their products, which enables them to sell at better prices and under better conditions. Finances sustainable value chains in coffee, cocoa, honey, cotton, spices, nuts, peppers, soya and canned and dried vegetables. In addition we finance fixed assets, such as the extension of production lines.
Finances the missing middle - organisations that are not eligible for financing by microfinancing organisations or commercial banks.
The focus lies on the financing of farmer producers cooperatives
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The Kenya Planters Cooperative Union (KPCU) -Cherry advance levy fund
The ABC Fund is a blended-finance impact fund which provides catalytic financing to underserved yet profitable segments of agribusiness value chains in developing countries. The Fund is managed by Bamboo Capital Partners together with Injaro Investments as advisor and lead for direct lending in Africa. Agriterra manages the Technical Assistance Facility. The ABC Fund was initiated by the International Fund for Agricultural Development in partnership and with funding from the European Union, the African, Caribbean and Pacific Group of States, the Luxembourg Government and the Alliance for a Green Revolution in Africa.
£660,900,000
Funding to legally registered SME, cooperatives or farmers’ organizations
The loan is tailor made for MSME customer who are in trade business and in need of working capital cashflow.
£13,218
Client must have operated a business account with UBA Bank for at least one month
Copies of ID and kra pin of the directors, company KYC, Bank statements for the last 12 months(certified), copies of contracts or LPOs and if client does not have prior banking experience, they will have to bank with us for at least 3 months in order for us to review their application.
An Agribusiness loan designed for crop farmers who do not have contracts with reputable off takers. The loan gives farmers flexibility of repayment cycles designed to correspond to the respective crop seasons.
£13,218
Past crop production records
Projected cash flow
Suitable security requirements
Must have been in production for at least two crop cycles
Industrial & Commercial Development Corporation (ICDC)
The facility allows ICDC and one or more parties to participate for a specified period of time in expansion or restructuring of an existing enterprise by taking up shareholding. Maximum ICDC shareholding: 35%
A detailed Business Plan or Feasibility Study
Letter of offer to ICDC for an equity stake in the company/business
Executed Board Resolution for the offer
Certificate of Incorporation, Memorandum and Articles of Association
Grow a portfolio of strategically-aligned tech-enabled start-ups for deeper commercial partnership and/or acquisition by Safaricom whilst Transforming Lives. he fund will be made available to tech-enabled start-ups as an enabler in the verticals; Agriculture; Education; Healthcare;
£3,304,500
Kenyan presence
A Core diverse skilled team
Refined Working mobile based product/service
Commercially viable business model
Active user base
Generating revenues
Partnership with Safaricom signed or being discussed
Raising equity or quasi equity
Application process:
The Fund Manager is S&B Ventures, based in Kenya, who will source deals, perform due diligence and recommend the investments.
It is a temporary facility that may be utilised by a customer and is normally regarded as being short term borrowing. Requests are usually associated with an unexpected expense that has been incurred.
£66,090
Account holders for a period of 6 months
Business must have operated for a period over 1 year
A short term credit facility to finance production inputs and associated costs to medium and large scale Seed Grower Farmers.
An active Equity Bank account holder or willing to open and operate an account with Equity Bank (K) Ltd.
Demonstrate ability to repay.
At least one-year experience in commercial seed growing, or one successful production cycle (this need to be evidenced by proof of the past sales records & receipts, previous banking history, or recommendation from Kenya Seeds Company, or any other seed multiplication contracting company.).
At least 2 acres of seed production land.
Ability to contribute 30% of the total production cost (either cash or in kind).
Documentary evidence of farm ownership or a valid lease agreement covering at least one future production cycle.
Provide signed seed production contract with the contracting company.
Equity Bank statement
Past sales records & receipts, previous banking history, or recommendation from Kenya Seeds Company, or any other seed multiplication contracting company.
Commitment to contribute 30% of the total production cost (either cash or in kind).
Title deed or a valid lease agreement covering at least one future production cycle (at least 2 acres)
Signed seed production contract with the contracting company.
Certificate of incorporation or certificate of compliance if not locally incorporated
Memorandum and articles of association
Company PIN certificate
National identification card (for Kenyan citizens)/Passport (for foreigners) for all directors (plus ultimate beneficiary owners if company is owned by other companies) and signatories/known agents
1 passport-size photo each for all the signatories and directors/known agents
Board resolution specifying the signing powers on the company letter head sealed with the company seal
Residential address confirmation (name estate, road and house number) for all directors and signatories (use the attached format)
Company physical address confirmation (can be found in the new PIN certificates)
Annual returns (for companies registered over one year ago)
SME Bizna loan is designed with the needs of small business people in mind to supply them with a short-term financing facility for working capital needs
£19,827
Duly constructed business financial statements for at least 12 months
Certified 12 month bank statements
Business Licences
Minimum of 3 years trading history within local markets to support loan amounts
We focus on financing for agricultural businesses, cooperatives and related enterprises
Years in Operation: 3 years of business operations. We focus on financing for agricultural businesses, cooperatives and related enterprises. We do not lend directly to individual farms.
Minimum Annual Revenue: $250,000
Location: Must be legally established in one of Root Capital’s lending countries within Africa, Latin America, or Southeast Asia (see sidebar).
Documentation: Must present audited or management-prepared financial statements from the past three years.
Products & Services: Must be active in one or more of our focus industries: coffee, cocoa, honey, tree nuts, vanilla, grains, oilseeds, and other staple crops.
Commercial Relationships: Must have strong relationships with established buyers and at least two professional references.
Industrial & Commercial Development Corporation (ICDC)
The product enables ICDC to finance companies which have a strong growth potential and a demonstrated ability to earn solid profit margins but lack security to offer for a loan. The product therefore has both debt and equity features. Maximum ICDC shareholding: 35%
A detailed Business Plan or Feasibility Study
Letter of offer to ICDC for an equity stake in the company/business
Executed Board Resolution for the offer
Certificate of Incorporation, Memorandum and Articles of Association
These are normally medium to long term loans structured and tailored to suit unique circumstances of business enterprises and may be in form of Kenya shillings or foreign currency. Interest rates depend on the source and cost of funds
£6,609
Business Profile Audited accounts for the last three years
Certified bank statements for the last 6 months.
Business registration certificate
A note giving brief history of business and nature of business (Business Profile)
Audited accounts for the last three years
Certified bank statements for the last 6 months.
Business registration certificate
Copy of ID (Passport) and PIN certificate of applicant.
Provides loans to organisations active in financial inclusion, agriculture and renewable energy in Africa, Asia and Latin America. Oiko works with partner organisations aiming to contribute to improving the lives of low-income people and communities.
£66,090,000
Oiko seeks partners that:
Create jobs and income for disadvantaged groups
Are cooperatives, financial institutions or small to medium enterprises
Have women in influential positions such as in management
Are environmentally sustainable and respect animal welfare
Have suitable management in place and are (or can soon become) financially sustainable
An agriculture product tailored to supply finances to farmers who are facing collateral constraints; able to accommodate a number of agricultural activities involving cereals like wheat, rice, maize, sorghum, millet, barley, beans, coffee etc. The loan is meant to help farmers meet their post-harvest credit needs; Purchase seed and farm implements, land preparation and land leasing; The loan is available to all business persons involved in transportation and distribution of goods, specialized services like construction, sinking bore holes, car hire, farmers etc.
£33,045
Stock Insurance Cover – Stock insurance facility for stocked commodities
Warehouse receipt from the cereals board (Original)
A duly signed verification form indicating authenticity of the warehouse receipt (signed and stamped by an authorized officer of the concerned cereals board)
Signing of the verification form should be witnessed by a commissioner for oath
Existence of On-going cereals farming activity for at least three seasons
Two previous consecutive warehouse receipts
6 months Certified bank statement
ID and PIN copies
2 passport size photos (colour)
Lease agreement of the land if leased or copy of the title deed if owned
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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