SME Bizna loan is designed with the needs of small business people in mind to supply them with a short-term financing facility for working capital needs
US$ 27,249
Duly constructed business financial statements for at least 12 months
Certified 12 month bank statements
Business Licences
Minimum of 3 years trading history within local markets to support loan amounts
Term loans available including Property Finance, Project Finance and Bridging Finance Customisation of term loan facility to suit your financing needs.
One time Processing fee of 1%.
No appraisal fee.
Maximum loan tenure 4 years.
No early repayment penalties.
Flexible repayment instalments which may include reducing balance repayment, equal monthly instalment repayment and lump sum repayment.
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Commodities Fund -Coffee Loans-Coffee Processing loans (CPL)
Short term loan to finance cooperatives and estates who want to install or replace obsolete processing units at an interest rate of 10% reducing balance
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Commodities Fund -Coffee Loans -Cherry Advance (CHADV)
Medium term loan to finance producers in need of rehabilitating their crop by purchasing farm inputs, financing farm operations such as labour and transport at 10% reducing balance interest rate
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Commodities Fund -Coffee Loans -Coffee Advances (ADV)
Medium term loan targeting Cooperative societies to improve quality and quantity of coffee produced through organized and purchase of inputs in bulk at 5% reducing balance interest rate
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Commodities Fund -Coffee Loans -Value addition Loan (VA)
Medium term Agro–Processing Loan facility for borrowers who are engaged in processing or value addition to agricultural products through processing before selling at 10% reducing balance interest rate
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Commodities Fund -Coffee Loans -Wholesale Lending (WSL)
Medium term loan targeted at farmer based Saccos, unions, marketing and milling agents and financial institutions involved in agricultural financing, as a means to increase Commodities Fund’s outreach by leveraging on the above institutions’ local presence at 2.5% flat rate
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Commodities Fund -Coffee Loans -Coffee Establishment Loan (CEL)
AgriFI Kenya Challenge Fund is implemented by Self Help Africa with technical support from Imani Development Limited. The European Union initiative targets 50 Agri –enterprises in 2 windows. NB: Competition window closed on 20th November 2019
US$ 908,300,000
Economic Drivers/Viability: Business model fit and growth prospect (i.e. profit, turnover, cash flow, efficiency and market potential) and the business capacity (i.e. governance, financial and risk management)
Social impact: Inclusion of smallholder farmers, pastoralists, job creation, influence on food security and improved nutrition, gender and youth inclusion, and inclusion of arid areas.
Environmental impact: Inclusion of climate smart approaches at farm and enterprise level
Additionality and level of leverage.
A minimum 50% match fund required –own sources or external equity investment
Finance Agribusiness SMEs in Kenya, Tanzania and Uganda
GBF prefers “growth stage” companies with a strong track record.
GBF seeks companies that can protect their market position through high barriers to entry, first-mover advantage, high-quality differentiated products, etc.
Finances land preparation, purchase of farm inputs and implements, livestock feeds, labour finances, business stock, harvest and other agricultural activities. It offers easy and convenient repayment through the monthly pay outs.
Support entrepreneurs in Africa to grow their businesses and need additional capacity, expertise, technology and funding in order to extend their impact and add value.
Operations in Sub-Saharan Africa
Focus on Impact and Sustainable Development Goals (SDGs)
GroFin considers business applications on the basis of their potential and credibility of the entrepreneur. GroFin understands SMEs and have a proven track record of helping entrepreneurs and business owners start or grow successful businesses.
US$ 1,498,695
Entrepreneur Profile: The entrepreneur should have significant own investment in the business, have the ability to manage a business – from operations, sales, financial management, administration, and leadership. They must be willing to work with GroFin as a value adding financier and share management information regularly. They must have growth ambition and demonstrate integrity as well as professionalism in their dealings.
Collateral requirements: Though GroFin has no minimum requirement, they expect entrepreneurs to (partly) secure the loan if collateral is available. Quality and value of collateral does play an important part in the overall risk assessment. Personal guarantees of the entrepreneur(s) is required.
Social Impact: The business must be able to have a measurable impact in terms of the number of jobs supported and sustained, female ownership, female employment and semi-/unskilled labour. SMEs that provide indirect job opportunities (e.g. training, skills development) and/or environmental services (water, waste, energy, ecotourism) are also attractive to GroFin.
Business support: GroFin delivers business support to clients prior to the investment and during the tenor of the loan – focusing on improving business viability, sustainability and growth through identifying material business risks/opportunities across a range of generic areas as identified during the screening/due diligence stage. For this reason, entrepreneurs need to be receptive to receiving advice and implementing recommendations, normally around improving formalisation of their business.
A public-private impact fund for smallholder farmers. The Fund de-risks investments in smallholder farming and helps drive sustainable impact by showcasing the commercial opportunity represented by smallholder farming finance. The EUR 100 million IDH Farmfit Fund takes the responsibility for the first losses incurred supported by a second loss guarantee facility from USAID (up to USD 250 million) thus providing a significant element of reassurance for investors. Sectors covered include food, staple and cash crops including, cocoa, coffee, cotton, palm oil, tea, aquaculture, soy, cassava, rice and other commodities.
Industrial & Commercial Development Corporation (ICDC)
This facility enables formation of partnerships between ICDC and one or more parties through creation of a new entity to undertake a specific economic activity for an agreed period of time. The Maximum ICDC shareholding is 35%
A detailed Business Plan or Feasibility Study
Letter of offer to ICDC for an equity stake in the company/business
Executed Board Resolution for the offer
Certificate of Incorporation, Memorandum and Articles of Association
Industrial & Commercial Development Corporation (ICDC)
The facility allows ICDC and one or more parties to participate for a specified period of time in expansion or restructuring of an existing enterprise by taking up shareholding. Maximum ICDC shareholding: 35%
A detailed Business Plan or Feasibility Study
Letter of offer to ICDC for an equity stake in the company/business
Executed Board Resolution for the offer
Certificate of Incorporation, Memorandum and Articles of Association
Industrial & Commercial Development Corporation (ICDC)
The product enables ICDC to finance companies which have a strong growth potential and a demonstrated ability to earn solid profit margins but lack security to offer for a loan. The product therefore has both debt and equity features. Maximum ICDC shareholding: 35%
A detailed Business Plan or Feasibility Study
Letter of offer to ICDC for an equity stake in the company/business
Executed Board Resolution for the offer
Certificate of Incorporation, Memorandum and Articles of Association
The loan is advanced to youth who have existing businesses and are able to provide security. The financing provides friendly large scale financing for business expansion to applicants (may be individual, partnerships or limited companies)
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Youth Enterprise Development Fund -Agri-Vijana Loan
The Youth Enterprise Development Fund has partnered with Smart Solutions Africa (SSA) to support young farmers in acquiring green houses and global compliant agricultural inputs
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Youth Enterprise Development Fund -Constituency Based Loans
Finances women led SACCOs and SACCOs with a good credit history for on lending purposes. Through a partnership with 13 SACCOS, borrowers access individual loans at a subsidized Interest rate of 8% reducing balance per annum.
US$ 90,830
Reputable Kenyan SACCO/Co-operative Union/Women owned institution legally registered in Kenya.
Evidence of certificate of incorporation/registration. • Valid KRA tax compliance certificate.
Valid Trading license.
Copies of National IDs and PIN Certificates for all directors/officials.
Resolution to borrow in case of a Limited Company capturing amount, purpose, and proposed security (Must be sealed).
CR12 in case of a Limited Company.
Articles and Memorandum of Association.
Contact details i.e. postal, physical and email address of the SACCO/Co-operative Union/institution's headquarter and name of contact person for purpose of seeking clarification.
Have a minimum of three years’ experience in SACCO lending operations.
Have women- friendly products, offering financial services to urban and/or rural women enterprises (provide list of products & services offered).
Must have an appropriate governance and management structure.
Their branches geographical coverage/geographical representation by counties and constituencies.
Must submit certified copies of audited accounts for at least, the last three (3) years.
Provide a summary of their loan book portfolio.
Must have a robust automated system for their loan book management.
Must demonstrate ability to pledge marketable collateral securities: bank guarantees, fixed deposits and shares listed in the stock exchange.
Have Competent Management & Personnel; Management MUST be gender responsive. The CVs of members of the management must be attached.
Have sufficient and experienced credit staff; profile and qualification must be availed.
Statement of litigation history.
Clean Credit Reference Bureau (CRB) reports of directors/officials of the SACCO.
License from SACCO Society Regulatory Authority (SASRA), where applicable.
Borrowing Powers as approved by the Commissioner of Co-operatives, where applicable.
The credit facility for cash production of tea, coffee, Sugarcane, pyrethrum, cashew nuts, citrus, mango trees, bananas, stevia and other cash crops. The facility finances crop establishment, crop maintenance, processing equipment, and operating costs.
Tangible security for the loan
Appropriate and approved crop varieties
Availability of processing facilities within reasonable distances.
Loans designed to provide start-up capital for those seeking to start, or are engaged in agricultural microenterprises. Specifically, the product targets marketers and processors farm produce, traders, transporters, marketers and processors farm produce.
Open to individual borrowers and groups
Viability of the business
Tangible security for the loan
20 % equity contribution towards the project.
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Agriculture Finance Corporation -Horticulture & floriculture development loan
These are loans to finance horticultural and Floricultural projects covering Fruits, vegetables and flowers; green houses and related equipment; water and electricity supply systems; harvesting and packaging equipment; labour and other operational costs; and working capital
Relevant experience in floriculture & horticulture
Under our new strategy, we are extending support to the country's arid and semi-arid lands. This shift supports the government's commitment to improve small-scale irrigation, extension services, marketing and access to financial services in areas with high poverty rates. The emphasis is on a market-oriented approach in the sectors of horticulture, dairy production, cereal commodities and rural finance.
Channel farm sales proceeds directly to Transnational Bank or check off arrangements must be in place.
A minimum own contribution of 30% of asset value
Certificate of incorporation or certificate of compliance if not locally incorporated
Memorandum and articles of association
Company PIN certificate
National identification card (for Kenyan citizens)/Passport (for foreigners) for all directors (plus ultimate beneficiary owners if company is owned by other companies) and signatories/known agents
1 passport-size photo each for all the signatories and directors/known agents
Board resolution specifying the signing powers on the company letter head sealed with the company seal
Residential address confirmation (name estate, road and house number) for all directors and signatories (use the attached format)
Company physical address confirmation (can be found in the new PIN certificates)
Annual returns (for companies registered over one year ago)
Certificate of incorporation or certificate of compliance if not locally incorporated
Memorandum and articles of association
Company PIN certificate
National identification card (for Kenyan citizens)/Passport (for foreigners) for all directors (plus ultimate beneficiary owners if company is owned by other companies) and signatories/known agents
1 passport-size photo each for all the signatories and directors/known agents
Board resolution specifying the signing powers on the company letter head sealed with the company seal
Residential address confirmation (name estate, road and house number) for all directors and signatories (use the attached format)
Company physical address confirmation (can be found in the new PIN certificates)
Annual returns (for companies registered over one year ago)
Accion Global Investments invests in established financial institutions and innovative financial service providers that leverage technology to support underserved microentrepreneurs, families, and individuals in emerging markets.
Accion Venture Lab provides capital and extensive support to innovative, scalable fintech startups that improve the reach, quality, and affordability of financial services for the underserved.
US$ 5,940,282
Mobile phone–based financial services or business models built on mobile payment platforms;
Specialized credit assessment or delivery models (e.g., underwriting/credit scoring approaches, housing, education, small and medium enterprise finance, energy);
Online or social media platforms for enabling financial access (e.g., peer-to-peer, social media);
Pay-as-you-go, collaborative consumption, and other “embedded” financial service models (e.g., micro-leasing, rent-to-own, modular housing); and
New products (e.g., savings, remittances/payments, microinsurance, and credit) for people living in poverty.
Aceli Africa will provide targeted financial incentives to lenders to increase their risk appetite, while facilitating technical assistance to agricultural SMEs (farmer cooperatives and food processors) so that they can qualify for and manage financing
The Financing Gateway provides you with a free listing of the many financing instruments available for MSMEs. It enables you to filter the instruments that match your needs and click through to the –financing provider’s Internet pages or Contact agent details to find out more and apply.