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Key Features
- Minimum loan amount of Kes 10 million
- Tenure of up to 5 years inclusive grace period on principal repayment of up to 12 months
- Competitive pricing
- Terms and conditions apply
Application Requirements
- Dully filled application form
- Board Resolution to borrow or to invite KDC to acquire a stake in the Company
- Feasibility Study/Business plan including Financial projections for the duration of the facility
- Copy of Certificate of Incorporation
- Copy of Memorandum and Articles of Association/CR2
- Copy of Company’s KRA PIN and CR12
- Tax Compliance Certificate (existing company)
- Copy of latest Annual Return (existing company)
- Copy of National ID and KRA PIN of Directors
- 2 recent colored passport photographs of Directors
- Profiles of Shareholders/Directors and key Management
- Bank Statements and/or Money Transfer Statements for the last 12 months (existing company)
- Audited Accounts for the last 3 years and Management Accounts for the current financial year (existing company)
- Copy of Bill of Quantities (BQs)/Quotations/Proforma Invoice (where applicable)
- Proposed Security for the loan
- Tenancy agreement long enough to cover the tenure of KDC’s facility, in respect of suitable rented property
- Copies of relevant Government of Kenya Licenses & Regulatory permits
- Confirmation that lead promoters shall finance at least 33% of the cost of the project
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