The facility is designed for rural based SMEs mainly Agro-dealers, Traders, Cooperatives and Associations who require short-term finance to pay for transportation, warehouse renting and other logistics necessary to move the goods to the defined market (s).
Features
- Maximum Loan Term – 3 Months
- Maximum Loan Value – According to the Applicant’s capacity to repay from the business order.
- Loan amount is paid direct to the Service Provider (s).
Benefits
- Faster: Loans are processed within 3 days upon fulfillment of all paperwork.
- Affordable: Interest rates are competitive
Requirements
- Market Contract/ Service agreement
- Cash contribution of up to 30% of total Loan should be made by the borrower