Loan application Requirements

? Products Offered

• Capital Financing – for start-up businesses.

• Business Support Financing – for SMEs (existing businesses).

• Financing for Local Service Order (LSO) / Local Purchase Order (LPO).

• Business Asset Financing.

• Agribusiness Financing.

? Loan Application Requirements

Individual Loan Application

• ? Duly filled application form.
  ? Applicant’s CRB statement.
  ? ID copies of both applicant and guarantors.

  ? Evidence that the business is based and operational in Laikipia County (e.g., business license).

  ? KRA PIN certificate of applicant and guarantor.
  ? 6 months’ bank or MPESA statements.
  ? Photos of the business, securities, and passport photo.
  ? List of charged collaterals with applicant and guarantors, certified by an advocate.

Group Loan Application

? Duly filled application form.
? Signed guarantee form executed by each member individually.
? Group registration certificate from the Department of Social Services.
? 3 group meeting minutes:
 • 1 deliberating loan application.
 • 2 recent to prove active existence.
? Signed list of members with ID and phone numbers.
? Proof that the group/business is based and operational in Laikipia County.
? Evidence of monthly contributions:
 • Table banking or similar structure.
 • Length of time the group has existed.
 • Total amount contributed and current contribution status.
? ID copies of group members.
? 6 months’ bank statement in the group’s name.
? Proposed business plan.
? Group by-laws/constitution.

Asset Financing

? Offer letter or invoice for the asset (within loan limit).
? Evidence of 20% owner contribution.
? Co-ownership of the asset.

LPO/LSO Financing

? Award letter and LPO/LSO.
? Undertaking letter from issuing company.
? Company registration certificate.
? ID copies of applicant and referees.
? Applicant’s PIN certificate.
? Security and 2 referees.

? Loan Terms

• Repayment Period: Up to 24 months.

• Interest Rate: 6% per annum.