Flexible terms when accessing financing for our women’s businesses with or without collateral.
WHO QUALIFIES TO ACCESS THIS SOLUTION?
Any women-led or women-owned businesses. By definition, women-led businesses are businesses wholly owned by Women or have ownership of upto 50% of the business.
FEATURES
Collateral-free loan for amounts up to ZMW 200,000.00.
Fixed interest rate of 20% per annum for the first year of the loan only. An agreed upon rate to apply after the first year elapses for each customer.
Maximum tenure;
Up to 12 months for facilities to be obtained for working capital purposes.
Up to 60 months for facilities to be obtained for capital expenditure needs.
REQUIREMENTS
The applicant must be a holder of an account for at least 12 months.
For new to bank customers; they should be in good credit standing as per certified account statements from current bankers.
Consideration will be centred on whether the business can sustain debt service obligations.
Application letter detailing amount sought, duration of the facility and purpose of the facility.
Company profile.
Account statements in place of audited financial statements for short-term loans up to ZMW 200,000.
