Financing Instruments & Financing Providers

Business financing

• We support semiformal micro and small businesses with digital working capital loans of $100-$5000 disbursed via mobile money.
  
• Entrepreneurs can access credit in as little as 2 hours from the comfort of their business. No paper work, no collateral, no lengthy wait times.
  
• Our proprietary underwriting process enables us to verify businesses remotely and grow loan limits appropriately ensuring that Numida and our clients succeed.

• A registered business
• Registered mobile money number,
• Numida mobile app
  
• National ID
• Trading license

Instant mobile loans

Personal entrepreneur mobile loans

The person should be a registered MTN mobile user who has been active for at least 6 months.

Instant mobile loans

• Money transfer for micro businesses

• The person should be a registered Airtel mobile user who has been active for at least 6 months.

Advancing good business background and repayment capacity for asset purchasing.

• Term Working capital loans.
• Business Loans Application Form duly completed.
• PIN Certificate of the applicant.
• ID copies and PIN certificates of the directors.
• Director’s resolution to borrow.
• Audited financial accounts for the last three years.
• Business latest management accounts with current aged debtors and creditors.
• Copies of the security documents e.g. title deed, logbook etc.
• Copy of the valuation report, if available.
• Copy of the letter(s) of offer and certified loan account statements from other institutions, if enjoying other facilities.
• Bank statements for the last six months, if banking elsewhere.
• Sketch map of physical location of the business premises.
• Cash flow projections for next 12 months.
• Copy of the business registration certificate (business names).
• Copy of the certificate of incorporation (limited companies).
• Copy of the memorandum and articles of association (limited companies).
• Latest returns to the registrar of companies.
• Details of Securities offered.

AgriFinance
This is a loan product for agricultural products.

Loan Purpose:

• For financing of agricultural inputs, production, processing, marketing and distribution

One valid ID photo

Support economically active customers in rural areas with no individual collateral, like women groups.

• Attractive interest rates
  
• Flexible repayment period of up to 12 months
  
• Top up loans are available
  
• No collateral required
  
• Small weekly installments
  
• Insurance cover in case of death or injury
  
• Networking opportunities
  
• No penalty charges on early repayments
  
• Competitive interest rates
  
• Access to PBU services at selected Branches
  
• Loan graduation for the best Performing groups

• The group and the individual members must have an account with PostBank Uganda
  
• A valid group and members address
  
• Introduction letter for the group by the area LC1
  
• Valid National IDs of all members
  
• Individuals or group must declare Source of income
  
• No collateral required,
  
• Should have an account with PBU
  
• Valid National ID
  
• Financial Card

Working capital financing

Business must be registered or operating in the countries where Ecobank operates

• Hold a bank account in Ecobank,
• Business registration documents

Support women's livelihood by empowering micro entrepreneurs financially

The EFC Women Market Trader Loan is specifically designed for women entrepreneurs who need fast and efficient small loan services. It may be used to finance a wide range of activities including working capital, equipment purchases, investments and agricultural supplies to name a few. The product is aimed at improving women’s livelihood by empowering micro entrepreneurs financially.

• Borrower must be an entrepreneur or merchant or legal entity
• Be of the age of majority
• Should have at least 6 months expertise
• Have a guarantor and collateral
• Financial card
• Valid trading licence

Finance for working capital in Business

• should have satisfactory operative Current account
• should be profit making for last two (2) consecutive financial years

• Company registration form
• Partnership deed (incase of any)

To enable all entrepreneurs engaged in income generating activities to grow their business

All Income generative activities

• Business registration documents
  
• Financial reports

For women involved in productive enterprises

• The product is available for women in business

• Financial card
• Identification

Financing short term and long term obligations

• Hold a current or savings bank account
  
• Account managed responsibly
  
• 5,000,000 as Minimum net worth of the firm

• Account statements
  
• Annual bank statement 

Short term capital financing for businesses

• Have an active bank account with Stanbic bank
  
• Possession of collateral

• Financial card
  
• Trading license
  
• Valid IDs

To facilitate the performance and growth of small and medium enterprises

• Possession of a trading licence
• Credible guarantor
• Trading License
• Letter of Guarantee
• CRB registration

To enable business firms to expand and grow

• Flexible Repayment period 3-36 months
  
• Interest charged on reducing balance.
  
• Up to UGX 120 million
  
• Flexible collateral requirements

• An active Savings account
  
• Business must be legal
  
• Trading licenses
  
• Financial Card
  
• Loan processing fees
  
• At least 12 months experience in the business to be funded
  
• Acceptable collateral

land purchases, survey and registration

• Hold a current or savings bank account.
• Good credit record for applicants.

• Completed loan aplication form
• Financial card

To facilitate short and medium term credit for SMEs

• FINCA Small Business loan
• Facilitates business performance and growth
• Personalized repayment plan
• Loan amount depends on business performance
• Competitive interest rates

• Minimum age of 18
• Active Business for atlest 6 Months
• Guarantorship Financial Card
• CRB registration
• Trading License
• Individual borrowers with active businesses
• Applicant must be 18 years and above
• At least 6 months of business existence and activity
• Possession of proof of business preferably trading license
• Two guarantors
• CRB registration (Card or Number)
• Possession of an acceptable form of collateral

Business training, Financial advice

• Hold a current or savings bank account
• An entrepreneur or company holding 50% shares

• Financial card
• Company profile

Financing commercial farmers

• Legally registered farming group
• Hold a current or savings bank account

• Financial card
• Company profile

Growth and expansion of the business

• Access to additional funds for your business using your property
  
• Projected cash flows for the period of financing.
  
• 80% financing available on your collateral’s valuation price

• Formal application form
  
• Financial card for the borrowing entity
  
• Business plan, updated company profile.