BUSINESS LOANS
Loan Products
- Azimai’s business Loans: These are Small loans of up to K10,000 given to groups of women traders and business women for capital to boost their businesses. Amounts can be increased based on group performance. No security is required. The loan duration is a maximum of 3 months.
- Short Term Business loan: used to finance short term working capital and market day loans. It’s a quick one time facility designed to offer urgent funds for business use. The repayment period is between 1 to 30 Days. The loan size ranges between K5,000 to K10,000 subject to cash flow projections.
- Medium Term Business Loans: used to finance Medium Term Working Capital. The repayment period range is from 30 to 90 days or 1 to 3 Months. The loan size ranges between K5,000 to K30,000.
- Projects Loan: used in financing projects and medium to long term Micro leasing and include expansionary projects of existing business. The repayment period is between 3 to 12 Months. The loan size ranges between K10,000 and K30,000. These are however subject to cash flows projections, confirmed contracts and all other credit requirements.
- Munda Agricultural Loan: used in financing Farm input, seed and Dairy improvements. The repayment period is between 3 to 12 Months, with a grace period dependent on the crop cycle. The facility has an inbuilt insurance cover for both crop and livestock giving the farmer peace of mind. The loan size ranges between K5,000 and K20,000 subject to credit criteria.
- Agro-advance Payment/ Discount Facility: Upon request the farmer can be paid upfront for up to 80% of the value of the produce that has been delivered to a marketing agency like Food Reserve Agency, co-operative, exporter or processor. Funds are paid after 30 – 45 days through Primelink in order to recover the advance payment made to the farmer together with a premium of 12.5% of the amount advanced.
- Invoice Dsicounting Facility for SMEs: Primelink also pays confirmed invoices at a discounted rate of 20% of the value. This facility helps clients free up liquidity for works already executed.
