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Business Development Loan Details

Business Development Loan Made Simple

This loan product is given to entrepreneurs, who already began their own small businesses and want to boast/increase business. It’s important for any entrepreneur
to remember that the inherent purpose of his/her business is to make a profit.

Under this loan product, an individual must have personal collateral or chattel security and also guarantors because in case of defaults, the guarantor is in position to pave way for recovering such defaulted money.

Isaac Nahabwe accessed a loan to boost his supermarket business

Please note that all loan applications requires the following:

  • A loan fee of 10,000
  • Monitoring fees (2.5%) of the money borrowed,
  • The account should have 30% of the money needed,
  • Guarantor (passport photos) and collateral security and
  • The interest rate vary from 2.5- 3%
  • Ground check.