This loan is available to NCSL members who have a new or existing small business. Our SME Loans range from K1,000 to K300,000. Loan repayment term is from 12 to 48 months with an interest rate charge of 15% per annum.
Requirements when applying
New Business (In operation for less than six months)
- Fully completed application Form (signed)
- Bank Statements
- Business Registration Certificate
- Tax identification Certificate (IRC – TIN)
- 2 x valid ID
- Borrower Profile (Business Owner)
- Business Profile / Business Plan
- Detailed Cash Flow Projections for the next 12 months
- Proof of ownership of assets to be pledged as collateral / security
Existing Business
- Fully completed application form
- Bank Statement (past 12 months)
- Financial Reports for past 2 years (signed)
- Detailed Cash Flow
- Detailed Cash Flow Projections for the next 12 months
- Business Registration Certificate
- Tax identification Certificate (IRC – TIN)
- 2 x valid ID
- Borrower Profile
- Business Profile / Business Plan
- Proof of ownership of assets to be pledged as collateral / security