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SME Overdraft Facility at First Microfinance Bank


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SME Overdraft Facility


TYPE
FEATURE
Currency
US Dollar / AFA
Minimum Amount
·         5,000 dollars / AFA 350,000
Maximum Amount
·         250,000 dollars / AFA 17,000,000
Maximum increase for Facility renewal
·         No limitation
·         Renewed on annual bases.
Multiple Loan/Facility
·         Provided client meets the criteria, multiple loans can be honored.
Duration
·         12 months
Installments
·         No installment. Only the applicable interest to be paid monthly.
Possible purpose / project
·         Working Capital investment & Cash Flow Management.




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