BUSINESS BASED LOANS


  • Short Term Financing

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    Provide short term financing which ideally suited low income groups who cannot digest large loans, and do not prefer long term commitments,


  • Finance Available Immediately

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    Provide loans to borrowers expeditiously and in a flexible manner thus making finance available immediately when it is needed and with a minimum amount of paper work and requirement.


  • Interest Rate

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    We have reduced our interest rate further and increased the tenure and at the same time tremendously improved our customer services.


  • SME's Loans

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    We understanding the SME's are the backbone of our economy and we therefore offer Business Loans to SME's


  • Easily Accessible

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    Work close to the borrowers’ residences and workplaces and hence make ourselves easily accessible. Thus AML is close to small businesses physically and psychologically.

BUSINESS BASED LOANS

Business Loan considered short term financial services to business (individual or Company) who are in need of immediate cash. These business categories are involves schools, Colleges and Universities, Suppliers, Hotels, Pharmacies, dispensaries and hospitals, wholesale and min supermarkets, churches, contractions companies, private companies and other SMEs.

REQUIREMENTS

Applicant under this category can apply individually (sole proprietor) or company where the following documents will be required;

  1. Identification card.
  2. Letter from local government.
  3. Memorandum and Article of Association.
  4. Board resolution allowing the management to
    enter the contract on behalf of Directors.
  5. Audited financial report of at last 3years.
  6. Business license and TIN.
  7. Certificate of Incorporation.
  8. Colored passport size.
  9. Bank statement (Six months currently).
  10. Collateral.
  11. Application fee(2% percent of the amount applies).
  12. Business license and Tax identification number
    (for business loan).
  13. Postdated cheque.
  14. Home and business visitation.

  1. Speed- African Microfinance Limited ► is providing quick LOAN services and in high quality to our esteemed clients
  2. Friendly Environment - AML ► provides services in a friendly environment which make the client feel more comfortable and welcomed
  3. African Microfinance Limited ► give the first priority to clients

View all our Requirements