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

• Any business that engages in credit transactions. As long as there is a delivery note to show that goods were delivered and an invoice which would have to be presented to Momentum Credit for factoring.

• Copy of certificate of incorporation
• Copy of CR12
• Copy of Company PIN
• Copy of Tax Compliance Certificate
• Company Profile
• Copy of Director’s PIN
• Copy of Director’s National ID
• Audited Accounts (for the past 3 years)
• Bank Account Statements (for the past 12 months)
• Current Debtor Ageing Report (for the client company)
• Current Creditors Report (for the client company)
• Current Creditor Ageing report (for each proposed factoring customer)
• 3 sample invoices (for each proposed customer in the past 12 months)
• Company Organogram

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

• 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

• 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

• Active with Equity Bank account holder.
• Timely loan application (preferably one month before the setting in of planting season).
• Demonstrable loan repayment ability.
• Attend weekly group meetings as stipulated in the agriculture group lending policy (for borrowers under this category).
• A commercial farmer with farming experience of at least one (1) successful season.
• Documentary evidence of farm ownership or a valid lease agreement covering at least two future seasons.
• Obtain quotations/pro-forma invoices for the inputs to be financed.
• Demonstrate understanding of the market for the commodity being financed.

• Equity Bank account statement.
• Documentary evidence of farm ownership or a valid lease agreement covering at least two future seasons.
• Quotations/pro-forma invoices for the inputs to be financed.
• Collateral documentation –chattels or conventional securities.

• Unsecured KES 20,000 to KES 100,000
• Easy collateral KES 100,000 to KES 1,000,000
• Standard collateral > KES 1,000,000

• 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 – KES101

• 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

• 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

• Women-led or owned businesses

• If not an existing client of EcoBank then full Due diligence with busines plans, references, etc

Customer must have been in business for at least 2 years and banking with HFC for at least 3 Months

1. KYC documents e.g. ID ,KRA Pin, passport photo
2. Business records
3. Registration certificate
4. Business licence
5. 3 months bank statements if you are not banking with us

• Account holders for a period of 6 months
• Business must have operated for a period over 1 year

• Business Registration/Incorporation Documents
• Copy of KRA PIN Certificate

• Equity Bank account holder for at least 12 months
• Be in commercial farming for at least two (2) successful seasons/cycles and good knowledge of the market.
• Possess relevant licensing especially for agro-traders and processors.
• Demonstrable sources of income for loan repayment.
• Documentary evidence of farm ownership for production or a valid lease agreement covering at least two future seasons/cycles.
• Farming project to be financed must be within a radius of maximum of 30kms from the branch and easily accessible to the bank officials

• 12 month Equity Bank account statement
• Documentary evidence of relevant licensing especially for agro-traders and processors.
• Title Deed or a valid lease agreement covering at least two future seasons/cycles.

• Be a practicing agribusiness farmer with other sources of income.
• Available to both group and individual clients.

• 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

• Evidence for previous years’ bonus pay out.

• 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

• M-Pesa account

• M-Pesa account

• 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

• Atleast 3 years transactions records

• Valid business registration and permit documents
• Banking relationship with KCB for a minimum of 6 months
• Valid LPO from the government, ministry or parastatal, a reputable company, listed NGOs or KCB’s
• List of Corporate companies
• Proforma invoice or quotation of items of purchase from the supplier
• Proposed collateral for borrowings above Kes 1,000,000
• Valuation report where applicable
• Audited accounts for amounts above Kes 5 Million
• List of completed past contracts
• Debtor/creditor payables and receivables

• 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).

Must have been in a savings group for at least 8 weeks.

Have a registered business License

6 Months banking history

• KYC documents for Borrower e.g. ID,KRA Pin, passport photo
• Business records
• Registration certificate where necessary
• Business license
• 6 months bank statements if you are not banking with us

• An existing customer for 3 months
• The business to be older than three years

• Audited financials for the last three years
• Cash flow projections for the next 12 months
• Latest management accounts
• Ageing debtors and creditors list
• Certificate of registration
• Memorandum and articles of association or CR1, 2, and 8
• Last annual returns
• CR12
• Copy of ID's or passport for the directors
• KRA pin for the company and directors
• Company profile/brief