Uwezeshaji Loan

These loans are offered for 12-24 months, and guaranteed by Government to finance individual and economic groups who have no access to conventional financial institutions, for undertaking economic activities.

Conditions and Requirements for Uwezeshaji Loans:

•    The customer/Group must have an account with KCBL e.g. savings account,
•    Application Letter through Village Executive Officer/Ward Executive Officer/District Community Development Officer.
•    Minutes of Group Resolution to borrow money
•    An Applicant must come from SIHA District
•    An Applicant must present a Simple Business Plan.

A KCBL customer who has a desire to apply for a loan in the institution must fulfill the below requirements before writing application letter.
•    Must have at least 3months well serviced saving account according to his or her business operations.
•    Must have a continued/existing registered business/economic project.
•    Must have a collateral (registered immovable property /house with deed) to secure his/her loan.
•    Must have good history in other Financial Institutions.
•    Visit to his /her business site and collateral.

Coupled with the above requirements later the client will need to submit the  following documents:
•    Audited accounts of his business
•    Valid insurance for his/her collateral /property.
•    Land rent for his/her collateral
•    Fill the Spouse/Owner’s Consent form
•    Register his /her collateral in favor of  KCBL.

Without delay ,a client will get the loan as soon as possible after he/she completed the above requirements and documentation.