Trade Loans

KCBL Trade loans allows the customer to borrow money from the bank as a working capital and repay the money back with flexible repayment installment schedule every month.

Benefits Of KCBL Trade Loans:

  • •    Low interest rates.
    •    Regular Flexible repayment schedule.
    •    Simple and open procedures.

Conditions And Requirements For Trade Loans:

  • •   The customer must have an account with KCBL e.g. savings account.
    •   The customer must have an existing business.
    •    Loan application letter.
    •    Member/ Board Resolution to borrow (in case of groups, companies and co-operatives).
    •    Audited financial Statements for the last/previous financial year.

General requirements to obtain a credit facility

  • 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.

KCBL TRADE LOANS are provided to all economic sectors in Kilimanjaro region such as:

• Agriculture sectors.
• Manufacturing.
• Trade.
• Transport and communication.
• Social (Education, Health).
• Building and Construction.
• Financial Intermediaries.
• Tourism (Hotels, Restaurants)
• Others

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