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SME Term Loan Facility at First Microfinance Bank


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SME Term Loan


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 loan renewal
·         No limitation
·         It is based on the feasibility of the project
Multiple Loan
·         Provided client meets the criteria, multiple loans can be honored.
Minimum duration
·         6 months
Maximum duration
·         60 months
Installments
·         Monthly (with possibility of 6 months grace period at the beginning).
Possible purpose / project
·         Fixed Asset investment or acquisition of capital goods
Early Closure
·         Allowed



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