FDF BUSINESS LOAN
The FDF business loan specifically targets businesses involved in agriculture, industry and technology sectors. It is a full product that finances a wide variety of business needs from working capital to asset purchases.
- 2% monthly interest rate on reducing balance
- Loan analysis fee of 3% of loan amount disbursed
- Credit life insurance for individual borrowers at 1.2% of loan amount disbursed
- Flexible repayment period up to 24 months
- Accessibility to grace period on the first loan instalment
- Free business training, awareness and advisory
- A business in the target market
- Individuals must be 18 years and above
- Business and residence located within the branch’s reach.
- At least six months experience in particular business for industry and technology sectors. At least one year’s experience in particular business for agricultural production.
- At least one off farm income activity for agricultural producers
- Collateral (movable & immovable collateral accepted for example business equipment, motorcycle, vehicles, household property, land, buildings)
- Personal guarantor