Group based Working Capital

Group based working capital loans

The loans will be extended to micro traders with a common background and operating separate businesses and agree to borrow as a group and undertaking to co-guaranteeing. Group members should range from 3-10 per group.

Requirements

  • Existing businesses operating legally
  • Memorandum and articles of association
  • CR 14 and certificate of incorporation
  • Current and valid lease agreement for business premises
  • Cash flow statements
  • Latest financial statements or management accounts
  • Directors’ and senior management’s CVs, passport size photos, proof of residence and copy ID.
  • 6 months bank statement
  • Guarantors and security