Cultivating the future of agro-industries
Our unwavering belief is rooted in those who passionately dedicate themselves to fostering enduring success in their cooperative ventures.
Kilimo SME Business Loan
This is a loan designed for cooperatives or Individual member owned SMEs engaged
in agro processing, agro-inputs and produce trade. The overall product objective is to finance business working capital and operational requirements.
Product Features
- Interest rate: 2.0 % per month
- Calculation: Flat
- Minimum loan amount: UGX 3,000,000
- Maximum loan amount: UGX 7,000,000 (New loan) and Upto 10,000,000 (Refinance)
- Minimum loan period: 8 months
- Maximum repayment period: 18 months
Product Benefits
Access to the most competitive loan rates
Quick turnaround time
Access to business advisory services
Partial loan disbursement
Grace period granted
- Loan application fee: UGX 20,000
- Loan processing fee: 2% of the loan amount
- Stamp duty fee: 0.5% of the loan amount
- URSB Fees Paid (Chattels caveat, search fee & registering)
- Credit Reference Bureau Fees Paid (credit reports, NIN validation & SACCO Score)
- Loan insurance on assets
- Loan Protection Fund
- Certified certificate of registration
- Registered maximum liability
- Audited/ Past 3-year management report
- Board resolution to borrow (Registered)
- Loan collateral security (land title, Kibanja agreement, motorcycle, motor vehicle, and machinery and equipment)
- Business TIN Number
- Detailed inquiry of the land agreement especially in Teso, Lango, and West Nile. Kibanja/Tenants on Kabaka’s land should have proof of paying busulu (Kibanja tenancy fees) or a certificate of ownership)
- Annual cash flow projections
- Evidence of cash flow i.e. bank statement, mobile money, and other source of cash flow. (6 months)
- Duly signed cooperative guarantee form
- Signed loan application form
- Copy of National ID for borrower and guarantor(s)
- Copy of Cooperative ID for borrower and guarantor(s)
- Audited/ Past 3 years management report
- Signed cooperative loan guarantee agreement
- Power of attorney for the leaders of the cooperative
- Board Resolution to borrow
- Maximum liability
- Signed loan agreement
- CRB report
More Credit Products
