Business (Biashara) loan
This is a loan product targeting members engaged in business activities or planning to start. The loan can be used to finance working capital needs or acquisition of business assets and infrastructural development.
- Maximum amount of up to UGX 100Million
- Attracts interest of 12% per annum
- Maximum loan period of up to 2 years
- Repayment capacity of 50%
- Loans above UGX 40m to be secured by deposit collateral of 33%
- Refinanced at 75%