Micro Business Loans in Uganda- Get them fast and Quick from a Bank

Short term business loan targeting micro business enterprises for financing any productive purpose e.g. borrowers current assets but not for financing fixed assets.
Main Features:

* Interest charged on declining balance.
* Minimum loan amount UShs. 100,000/=
* Maximum loan amount of up to UShs. 15million.
* Flexible and regular repayment plans available.
* Loan period of up to 12 months.

Basic Requirements:

* Savings or Current Account with the Bank.
* Movable collateral like vehicles, household property or business assets.
* Guarantees, personal or corporate.
* Application fee of UShs. 5,000/=.
* Commitment fee of 2% of loan amount.
* Inspection of collateral.
* Legal perfection of collateral and guarantees.
* Applicant must be resident within the branch designated area of operation.
* There must be an on-going business activity

Benefits:

* Fast and easiest way to access business funds.
* Affordable to most low income earners and rural poor.
* Informal loan security accepted.

Please Note
This type of loan is provided by centenary bank. You can contact any of their branches. Other Banks also have similar loan types