Financing Instruments & Financing Providers

• 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

Personal entrepreneur mobile loans

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

• Money transfer for micro businesses

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

• 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.

Loan Purpose:

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

One valid ID photo

• 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

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

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

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

• 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)

All Income generative activities

• Business registration documents
  
• Financial reports

• The product is available for women in business

• Financial card
• Identification

• 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 

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

• Financial card
  
• Trading license
  
• Valid IDs

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

• 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

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

• Completed loan aplication form
• Financial card

• 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

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

• Financial card
• Company profile

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

• Financial card
• Company profile

• 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.