Features & Eligibility

• Zero Application fees
• Minimum loan amount Ug.Shs 500,000 and Maximum Ug.Shs 10,000,000
• Interest rate of 21% on reducing balance
• Life insurance – 1.5% of loan amount, 2.5% for Agricultural loans
• Penalty 6% of the installment amount in arrears
• Arrangement fees of 2% collected up front (At disbursement)
• Age of the borrower – 18 to 68 years
• Should have an income-generating activity or enterprise.
• The business/ enterprise must be operational for a minimum of 1 year.
• The borrower must have an account in HFB.
• Must bear a valid National ID.

Individual Requirements:

• Clients should be aged between 18 and 68 years.
• Must have a running income-generating activity and a member of a group.
• Must have an account with HFB and have been in business for a minimum of 6 months.

Group Requirements:

• Min of 10 and Max of 35 members living in the same locality.
• The group must be registered with the relevant body.
• The group should be registered on the Investment Club App.
• 80% of the group members should be women.

Loan Terms

• Min 3 months and Max 12 months.
• Loans below 1million do not exceed 6months.
• Minimum Ug.Shs 10,000,000 and Max Ug.Shs 50 million