Faidi Dada Loan option is a working capital, operational expenses, capital expenditure and business expansion solution that targets businesses/entities:
• Owned by women.
• Led by women in terms of ownership, management and workforce.
Faidi Dada Loan
A one of a kind loan facility for Women in Business with a loan limit of up to 40M. This account provides unsecured loan limits of up to 3M.
A facility targeted at Women Owned Business Entities
For Amounts above 3M to 10M no discounting the value of conventional securities, Flexible security for secured loans, Available for both existing and new to bank customers with Flexible repayment period aligned to business cycles, purpose, business type and cashflows.
Features of the
Faidi Dada Loan
Affordable & competitive interest rates.
Loan limit up to Ksh. 40 Million
.Unsecured for amounts up to Ksh. 3 Million.
Flexible security for secured loans
Available for both existing and new to bank customers
Flexible repayment period aligned to business cycles, purpose, business type and cashflows.
Benefits
Quick Turn Around Time, Loan processing within 24 hours
Affordable & competitive interest rates and application fees.
Dedicated Relationship managers.
Frequent MSME clinics/ training sessions.
Loan top ups available of up to 100% graduation.
Negotiated medical cover for both outpatient and inpatient; the medical cover amount to be added to the loan amount.
Supplementary/ Emergency Loan
6-months bank statement
The Business should have been in existence at least 1 year.
Copy of National ID/passport.
KRA Pin.
Business permit.
Any other documentation that may be required by the bank.
Requirements
Eligibility to qualify for supplementary/emergency loan if having Faidi Dada account.