Grow Loan
GROW Loan
- Loan Amount: Minimum of UGX 4m to a maximum of UGX 200 m
- Loan repayment period: 6 months to 2 years.
- Interest Rate: 10% per year
- The GROW loan repayment period ranges from 6 months to 2 years.
- The GROW loan ranges from a minimum of UGX 4 million to a maximum of UGX 200 million.
- Priority sectors under the GROW project are agribusiness, science and technology, services, manufacturing, and construction.
- The GROW Project aims at supporting women-owned enterprises.
- The GROW loans are currently accessed through six Commercial Banks including Centenary Bank, DFCU Bank, Equity Bank, Stanbic Bank, Finance Trust Bank, and Post Bank.
- Women-owned micro and small enterprises in which a woman entrepreneur owns at least 51% shares of the business.
- Hold or open an account in the bank.
- Complete the loan application process.
- Proof of cashflow.
- Proof of an ongoing business (trading license).
- For contract financing, a contract to be financed and call-off orders will be required.
- Flexible security requirements, including personal or group guarantees, movable assets, registered and unregistered land and land titles.