Business Loan Enterprise loan
The enterprise loan products are created to help business fraternity meet their business needs.
Loan amount qualification depends on your monthly income and no grace period.
Mixed collateral will be required to demonstrate your good faith and include household chattels, business stock and machinery, and other conventional securities (Land – registered and non-registered; Motor Vehicles etc.)
Eligibility
One must be operating a legal licensed business for a period of not less than 6 months
One must have operated a Fortune Sacco account for at least 3 months
The business should be in existence for a period of 6 month
Loan Term
Upto 36 months
Benefits
- You’ll have a flexible repayment period
- You can access the loan if you’re an Al Mizaan Sacco member with an existing business
- Your loan is processed and disbursed fast
- You can use flexible and mixed collaterals for this loan
- You can access it easily
- Can be secured using Jiinue or zidisha shares