This product is a type of credit designed for women entrepreneurs who don’t have enough collateral to access Finance.
Benefit
- • The granted loan is between five hundred thousand (500,000 FRW) and Five Million (5,000,000 FRW)
- • Clients benefit 3% Annually of 30% of the prior
Maximum Loan Duration (period):
- The repayment period does not exceed 24 months.
Ibisabwa
- • Being a woman entrepreneur with a profitable business
- • client should have an operative account in COPEDU Plc for one month;
- • No debt in another bank or microfinance institution
- • Have prior savings of 30% the loan needed Importance
- • This loan facilitates unsecured entrepreneur’s women to access financial loans
- • Business Registration Certificate (Business License or Patent)
- • Business photo
- • Details of the project to be funded
- • Credit Protection Insurance (after approval)
Importance
- An advantage of taking this loan is that it can lead to an increase for loan you will take next timeand even strengthen trust between you and your financial institution.
- Loans can provide capital to expand operations, buy equipment, or hire staff. For individuals, loans can enable major investments
Disadvantage
- The savings are used as collateral for a loan might be liquidated to cover missed payments.
- Failing to manage Loan can lead to reduction of future borrowing ability
