A leading international Microfinance Institution in Africa is offering business funding to small scale businesses that have been turned down by their country’s traditional banks, so that the businesses can start, grow, and diversify with resulting increases in family income, nutrition, employment and well-being. The financial institution is operating using sound business principles and an entrepreneurial spirit. The comapny have developed a very innovative organizational structure that set a new standard for the microfinance industry which allows us the financial company to mobilize private and commercial capital while keeping true to its mission.

The ultimate goal of the business funding is to combat poverty by creating employment, raising family incomes and reducing poverty world-wide. The mission of the Microfinance Institution is to provide financial services to the world’s lowest-income entrepreneurs so they can create jobs build assets and improve their standard of living with a vision to be a global microfinance network collectively serving more low-income entrepreneurs than any other microfinance institution while operating on commercial principles of performance and sustainability.

The international Microfinance Institution (FINCA), has grown into a global network spanning four regions (Africa, Eurasia, Latin America and Greater Middle East) with 23 subsidiaries and serving over one and a half million people. The financial institutions offers an array of financial products and services to its clients including enterprise financing, savings, remittance services, micro insurance, rural/agricultural finance, sharia-compliant loans, micro-energy loans, and financial education. Their Products and their terms and conditions are adapted to each market context to achieve their mission of improving the livelihoods of low-income individuals and their families while ensuring sustainability of operations.

FINCA Business Funding Products

Individual Loan: The Individual loan is for business owners who need capital to expand their business or meet their financial business goals. With the financial institution’s team of responsible, honest, trusted and professionals, they ensure that you get the right loan size and free financial advisory services

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What you stand to gain

  • Fast and efficient loan processing
  • The right loan size and terms for you and your business
  • Professional financial advisory services
  • Insurance cover for the loan amount
  • Flexible loan amount
  • No hidden charges, all our fees are transparent.
  • No Monitoring fees
  • Less paperwork for second loan or renewal

Features

  • Low collateral requirement
  • No upfront savings required
  • Interest is accrued on a declining rate
  • Early payment of loan attracts interest rebate. Apply Now

Group Loan: The growth of small business entrepreneurs should not be constrained by a lack of capital or collateral. The Group loan is a loan where group solidarity is used to guarantee the loan. The entrepreneurs will choose members of their group and guarantee each other. The group minimum size is 5 and maximum 10. The group will show the financial institution their business and the company will assist to take the business to greater heights, FINCA will determine how much you can take a loan to avoid over indebtedness and offer professional and trusted financial and business management advisory services

Group Loan Business Funding Details

Business Funding
  • The group ranges from 5 – 10
  • You won’t need collateral as long as you are in an existing group
  • You don’t need to leave your business to come to us, our Customer Relationship. Officer will personally come to you
  • Loan repayment is flexible between 6 to 12 months
  • The group members will act as guarantor to each other
  • You will get guidance and training through our group meetings on how to manage your finances and business
  • The processes and fees are transparent
  • The interest rate is accrued on the declining rate
  • Early loan repayment attracts interest reduction
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What you stand to gain

  • Competitive interest rate on declining rate
  • Flexible repayment schedule tailored to your business
  • Additional working capital
  • Insurance cover for the loan in case of unforeseen circumstances
  • No hidden charges. Transparent pricing and simple terms and conditions. Apply Now

Small Enterprise Loan: The financial institution is offering Small and Medium Size Enterprises business owners the opportunity to access Small Enterprise Loan for the growth and development of their business. This business funding loan is easily accessible as long as the business is viable and been in existence for more than a year. The loan can be used to augment working capital, expand the business, acquire assets or purchase raw materials or goods. FINCA team of responsible, honest, trusted and professionals, they ensure that you get the right loan size and free financial advisory services.

Business Funding

What you stand to gain

  • Fast and efficient loan processing
  • The right loan size and terms for you and your business
  • Professional financial advisory services
  • Insurance cover for the loan amount
  • Flexible loan amount
  • No hidden charges, all our fees are transparent.
  • No Monitoring fees
  • Less paperwork for second loan or renewal

Small Enterprise Loan Features

  • Low collateral requirement
  • No upfront savings required
  • Interest is accrued on a declining rate
  • Early payment of loan attracts interest rebate. Apply Now

School Improvement Loan: The loan is a credit facility that is available to exist private school owners intended to facilitate educational asset acquisition like land, buses, generators, computers or other assets and also for those school proprietors in need of additional working capital and other purposes related to improving the school’s quality. If you want to Increase investment in your education institution for purchasing assets, renovations or construction of premises. Learn more

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School Fees Loan: The loan is a short term loan that is intended to facilitate the prompt payment of school fees by parents and guardians for their children and/or ward’s educational needs such as tuition fees, uniforms, books, meals , school bus among others. The loan is structured that the children’s school must not necessary have account with FINCA for the parents or guardians to access this loan.

Why should you apply for this loan

  • This loan ensures that your children never miss one a day at school because their fees are paid promptly
  • Pay for all your children hassle free
  • Does not restrict you from taking business loan
  • Very easy to access with flexible collateral
  • Insurance cover for life and disability.
  • Gives peace of mind because the entire session fees is paid for.
  • The interest rate is on reducing balance.
  • No upfront savings. Learn more

Finally, the business funding is a way to alleviate poverty through lasting solutions that help people build assets, create jobs and raise their standard of living. The financial institution is striving hard to be an unconventional community-based bank that profitably and responsibly provides innovative and impactful financial services to enable low-income individuals and communities to invest in their future.

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