SMALL BUSINESS LOAN / AGUKA

Purpose of the Loan

The Small Business Loan / Aguka is designed to finance the needs of small businesses and support the growth and expansion of their activities.

Target Customers

• Traders and merchants;
• Entrepreneurs and other self-employed individuals engaged in income-generating activities.

Eligibility Requirements

The applicant must:

• Be a client of ATLANTIQUE MICROFINANCE PLC
• Have a good repayment history and demonstrate reliability;
• Hold valid business registration documents / a business license (Patente);
• Provide acceptable collateral;
• Have a profitable business or income-generating project capable of generating sufficient income to repay the loan.

Loan Features

• Loan amount: From FRW 2,000,000 to FRW 5,000,000;
• Loan term: Up to 2 years;
• Collateral: Immovable property and/or savings held in an account;
• Repayment: Monthly instalments.

Key Benefit

• Helps increase working capital and support business growth.

Important Note

Failure to comply with the agreed repayment schedule and/or failure to actively use the account may reduce the customer’s eligibility for future loans.