This product is designed to meet individuals who are economically active who want to acquire an asset(s) and properties, being movable or immovable assets.
- Flexible collateral requirements and the asset you buy can be part of the security
- Quick processing and disbursement
- Flexible repayment terms
- Loan amount depends on ability to repay
- Loan tenor 6 – 24 months depending on the amount, loan purpose and income level
- Be an active account holder with Hopeline Microfinance Company Ltd.
- Submit loan purpose for financing business working capital and operational needs
- Submit loan application within a reasonable time
- Be able to clearly demonstrate existence of other sources of income that could be used for loan payment
- Provide Pro-forma invoice on the asset to be purchased.