Financing Options and Providers
Total results: 175
SDFDS
SDFSDF
SDFSD
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- Due diligence and IP ownership
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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.
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This loan targets farmers and micro entrepreneurs to expand their businesses and invest in agri processors, transport services among other businesses.
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- Bank statements to establish cash flows (3 months for customers and 6 months for non-customers)
- Stated experience in farm enterprise
- Business plan including financial plan –specifying fund utilisation
- Bank statements
- Business plan
- Women-led or owned businesses
- If not an existing client of EcoBank then full Due diligence with busines plans, references, etc
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- Must be a registered self-help group of 10 members and above comprising 100% women or 70 % women and 30% men
- All leadership positions and account signatories must be held by women.
- Group Registration done either at the nearest Social Services office or Huduma Centre.
- Groups are eligible for WEF loans three months after registration.
- Group must have an account in a Bank/SACCO FOSA/Post Bank/Deposit Taking Micro-finance (DTM)
- Group account must have been in existence for at least 3 months.
- Groups must be trained in business management skills by the WEF officers as a prerequisite for the loan application.
- Group registration certificate
- Group account in a Bank/SACCO FOSA/Post Bank/Deposit Taking Micro-finance (DTM)
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- 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.
- SACCO/Co-operative Union/Women owned institution Registration certificate
- 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.
- Must submit certified copies of audited accounts for at least, the last three (3) years.
- Provide a summary of their loan book portfolio.
- 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.
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- Secured loans
- Unsecured loans
- 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 registration
- National identification card (for Kenyan citizens) / Passport (Non Kenyans) 1 passport size photo
- KRA PIN
- 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
- Personal return
- Revenue stamp – KES100
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- Secured loans
- Unsecured loans
- 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)
- Revenue stamp – KES100"
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Unsecured business loans are given to customers in performing businesses without tangible security.
This type of business loans is also given to landlords without title deeds.
Customer must have been in business for at least 2 years and banking with HFC for at least 3 Months
- KYC documents e.g. ID ,KRA Pin, passport photo
- Business records
- Registration certificate
- Business licence
- 3 months bank statements if you are not banking with us
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Get financing or working capital for your business
- Applicant must have an active bank account with SBM for at least 1 year
- Business needs to have been operational for the past 3 years at least
- Business must demonstrate stable cash flows
- Monthly turnover for the business should not have declined by more than 25% in the preceding 90 days
- Businesses in trading sectors should not have NIL banking in any given month over the preceding 12months
- Applicant should have credit life insurance
Applicant must have an active bank account with SBM for at least 1 year - Standard KYC documentation
We enable you to raise additional working capital using stock or inventory
Duly registered company
+6 months in operations
Active Gulf African Bank account holder
12 months certified bank statements
Business license/ permits for two years
Premises with lease running for the tenure of the facility
Copy of personal PIN Certificate
Company PIN
Certificate of Incorporation
Latest tax returns and filing receipts
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- 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.
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Pre-shipment and post shipment financing
- 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)
- Revenue stamp – KES100
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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.
- 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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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.