Great features

  • Minimum loan amount of kes. 100,000/ and a Maximum: Kes.1,000,000/-
  • Repayment period period of upto 12 months for producton based financing and 24 months for capital Expenditure

What you require to sign up

  • Be a graduate from a recognized F & A related training institution having attained;
    • 2nd upper division for Degree (including Master’s Degree Holders)
    • Distinction for Diploma OR
    • Approved certification on any technical training in Agriculture from recognized institutions.
  • Be interested in establishing a business entity in line of the training specialization and background.
  • Be active account holders or be willing to open and operate an account with Equity Bank (K) Ltd.
  • Demonstrate ability to run viable and bankable project preferably based on the academic projects presented to the relevant department at attaining the training certification of the borrower.
  • Be trained or willing to be trained on Financial Literacy, Entrepreneurship and Digital Literacy by Equity Group Foundation.
  • The Borrower’s project must be of commercial nature.
  • Able to contribute at least 10% of the total project cost in cash as part of the capex.
  • Provide documentary evidence of tenancy of the property/premises to be used for the business in way of a valid lease agreement and/or formal confirmation of the parent’s/guardian’s property allocation.
  • Provide signed contracts to purchase the produce/products from proposed buyers.

Why you should sign up for this product

  • Affordable interest rate
  • Creation of Employment to youth and all the players in the chain.
  • Allow youth to participate in building the Economy.
  • Free Provision of Financial Literacy, Entrepreneurship and Digital Literacy training to MSMSEs within ecosystems.

 

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Equity Bank is Regulated by Central Bank of Kenya