One year business operation with Safaricom

1. Copy of certificate of incorporation- share copy for credit check in the interim.
2. Copy of Memorandum and Articles of association- confirm borrowing powers.
3. KRA PIN certificate (for company and Directors)
4. Copies of national ID/ Passport- share copies for credit checks in the interim.
5. Passport Photos
6. Latest annual returns/ CR12
7. Proof of residence for the company and directors/signatories

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.

• Qualified and more than one year experience
•  Has capacity to deliver the contract
• Past track record of the supplier or vendor.
• The LPO should not be more than 30 days from the date of issue.

KYC DOCUMENTS

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• A detailed Business Plan or Feasibility Study (in case of start-ups)
• A loan application letter on the company's letterhead
• A sealed board resolution to borrow (where applicable)
• Certificate of Incorporation, Memorandum and Articles of Association
• Copies of Collateral offered for the facility under request.

• Entrepreneur Profile: The entrepreneur should have significant own investment in the business, have the ability to manage a business – from operations, sales, financial management, administration, and leadership. They must be willing to work with GroFin as a value adding financier and share management information regularly. They must have growth ambition and demonstrate integrity as well as professionalism in their dealings.
• Collateral requirements: Though GroFin has no minimum requirement, they expect entrepreneurs to (partly) secure the loan if collateral is available. Quality and value of collateral does play an important part in the overall risk assessment. Personal guarantees of the entrepreneur(s) is required.
• Social Impact: The business must be able to have a measurable impact in terms of the number of jobs supported and sustained, female ownership, female employment and semi-/unskilled labour. SMEs that provide indirect job opportunities (e.g. training, skills development) and/or environmental services (water, waste, energy, ecotourism) are also attractive to GroFin.
• Business support: GroFin delivers business support to clients prior to the investment and during the tenor of the loan – focusing on improving business viability, sustainability and growth through identifying material business risks/opportunities across a range of generic areas as identified during the screening/due diligence stage. For this reason, entrepreneurs need to be receptive to receiving advice and implementing recommendations, normally around improving formalisation of their business.

• Attributable benefit to smallholder farmers

• Clearance from the Credit Department
• Must be an account holder for more than 6 months

• KRA Certificate
• Copy of Insurance Cover/Policy
• ID/Passport Copy
• Filled Copy of the Insurance Premium Financing Form

• 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.

• For limits up to 2M –Chattels i.e. Motor vehicle discounted at 150%
• Cash and Land for exposures above 2M

• Kenyan Citizen, over 18 years & National ID Card,
• Lease agreement,
• KRA PIN certificate,
• Passport Photograph (for first loans only.)
• 10% compulsory savings,
• Demonstration of ownership of rights to use land.
• Livestock and crop insurance

• National ID Card
• Title Deed or lease agreement
• KRA PIN certificate
• Photograph (for first loans only.)

• 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.

• It should be either be a manufacturing business or a service business.
• It should be either be a manufacturing business or a service business.
• It should employ at least 5 people • It should be running for at least 2 years to qualify as a working capital loan.

• The applicant will be required to provide the following documents
• Photographs and sketch-map of business location
• Landed security to cover a minimum of 140% value of the loan requested.
• Valuation report from a registered land valuer. This will be verified by KIE officers.
• An original certificate of Official Search from land registry
• Two credible guarantors
• Current trading license
• Current bank statements
• Copy of PIN certificate of applicant and guarantors

.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

• Past crop production records
• Projected cash flow
• Suitable security requirements
• Must have been in production for at least two crop cycles

• Past crop production records

• Equity Bank account holder for a minimum period of three (3) months.
• The applicant must have received at least one-month’s remittance through the bank account.
• Demonstrable ability to repay the loan.
• At least three (3) most recent payment slips in case you are employed.
• Provide documentary evidence of ownership of the farm used for production or a valid lease agreement covering at least two future seasons.

• Bank statement
• Documentary evidence of farm ownership or a valid lease agreement covering at least two future seasons.

• Based on your level of business and security that you provide