Purpose
Working Capital
Working capital is a measure of both a company's efficiency and its short-term financial health. Micro loans assist the business to achieve a positive ration and the disbursement should be straight forward.
Equipment Purchase
Income generated with the purchase should be enough to meet the repayment schedule.
Group loans
Qualifying Group
• Group size ( 3-5 members)
• Age and gender (women 21-65 years)
• Type of business (commerce, service, production, agribusiness)
NB: Group selects its own members. There will be group testing before registration followed by verification and basic business skills mentoring.
Documentation required
• Certified copy of Omang
• Thusang Basadi membership fee with an active savings account
• Completed and checked application forms (First Loan application form & Group Members Loan application form)
• Completed and signed acknowledgement forms
NB: The first loan will be paid back in 5 months, while second loan will be paid in 6 months and third loan will be paid in 9 months.
Loan Sizes
| Loan Cycle | Minimum | Maximum |
|---|---|---|
|
Group Members |
3 |
5 |
|
First Loan |
3,000 |
5,000 |
|
Second Load |
4,500 |
7,500 |
|
Third Load |
6,000 |
10,000 |
INDIVIDUAL LOANS
Qualifying individual
• Individual women borrowers who have accessed loans during the first few years of the credit program.
• One that have graduated from the group methodology having accessed the 3 group loans and have been introduced.
Documentation required
• Certified copy of Omang
• Thusang Basadi membership fee with an active savings account
• Completed and checked application forms (First Loan application form & Group Members Loan application form)
• Completed and signed acknowledgement forms
NB: the first, second and third loan cycles are payable in 9 months. The fourth and onwards are payable in 12 months.
Loan Sizes
| Loan Cycle | Minimum | Maximum |
|---|---|---|
|
First Loan |
|
4,000 |
|
Second Loan |
|
6,000 |
|
Third Load |
|
8,000 |
|
Fourth Loan |
|
10,000 |
|
Firth Loan |
|
15,000 |
|
Sixth Loan |
|
20,000 |
|
Seventh Loan |
|
30,000 |