ON THE ROAD TO A BRIGHTER FUTURE

A short term credit facility that is intended to facilitate the payment of school fees by parents, guardians and caretakers for their school-going children.

Why you should apply for this loan

• Facilitates educational financing needs of parents/guardians/caretakers.
• Short loan period of 3 months for primary and secondary and 6 months for university and tertiary education.
• Flexible collateral.
• The loan can be accessed for a number of cycles as long as the client repays well.
• Competitive interest rate.

Qualifications for this loan

• Individuals with active businesses or Group borrowers.
• Applicant must be 18 years and above.
• Sufficient collateral for both the existing loan client up to 100% for BL and SGL up to 60%. (No collateral required for Village Group Lending)
• CRB registration.
• Guarantorship for Group clients.

Comes with outstanding benefits

• Relatively large amounts of up to Shs.3 Million.
• Flexible repayment terms and periods of 6 – 18 Months.
• No collateral requirements for Village Group Clients.
• Faster loan processing time (within 48 hours*).

*Upon submission of all the required documentation

•  Available for individuals and Group customers.
• Affordable since loan is based on client’s capability.
• No cash collateral.