Micro Business Loans

Group Loan

Group Loan is a credit product specially designed for group borrowers or customers with micro businesses
 

Benefits/Features

Eligibility

Pricing

Minimum loan amount of Tshs. 50,000 and max of Tshs. 2,000,000

Should be an account holder with Equity Bank for at least 3 months

Interest rates of 25% flat per annum

Loan amount is four times the member’s savings

Valid business with business experience of at least 1 year

LACE 2%

Maximum repayment period of 6 months for first borrowers and 12 months for repeat borrowers

20 members with minimum of 2 sub-group having a minimum of 5 members

 

Flexible security requirements i.e. group guarantee, weekly savings, 25% of special savings, household chattels

Members qualified to get loan after four week savings and EBL Training

 

Flexible repayment terms (monthly or weekly)

 

 

Operating their business under the same locality

 

 

 

Biashara Imara Loan

 

Biashara Imara is a credit product specially designed to cater for micro enterprises.
 

Benefits/Features

Eligibility

Pricing

Minimum loan amount of Tshs. 100,000 and max of Tshs. 5,000,000.

Should be an account holder with Equity Bank for at least 3 months

Interest rates of 20% flat

 

 

Maximum repayment period of 12 months

Valid business with business experience of at least 1 year

LACE 3%

Flexible repayment terms (monthly or weekly).

Permanent business locations

 

 

Flexible security requirements i.e. land titles, log books, debentures, house hold chattels etc.

 

 

Biashara Daima Loan

  •  Biashara Daima is a credit product specifically designed to cater for growing medium-scale business persons.
  • Rent Milele is a credit product specifically designed to cater for landlords.

 

Benefits/Features

Eligibility

Pricing

Loan amount between of Tshs. 5,000,000 and Tshs. 30,000,000

Should be an account holder with Equity Bank for at least 3 months

 Interest rates of 18% flat

 

Maximum repayment period of 24 months

Registered  business

LACE 3%

Flexile security requirements i.e. chattel mortgage, log book, title deed, debentures, residential license etc

Permanent business locations

 

 

 

 


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