Business (Biashara) loan

This is a loan product targeting members engaged in business activities or planning to start. The loan can be used to finance working capital needs or acquisition of business assets and infrastructural development.

Maximum amount of up to UGX 100Million
Attracts interest of 12% per annum
Maximum loan period of up to 2 years
Repayment capacity of 50%
Loans above UGX 40m to be secured by deposit collateral of 33%
Refinanced at 75%

Loan Granting Procedures

Basic Considerations when appraising loans