YOUTH LOAN
Are you 18 – 28 years old and without experience in business, but with a good business idea? – We finance you !
This is a short-term and medium-term loan targeting young people who are economically active in urban or rural areas of the country in order to promote self-employment and their social inclusion.
LOAN CHARACTERISTICS:
AMOUNT | The maximum loan amount is ALL 1,500,000 |
CURRENCY | ALL |
TERM | Up to 6 years (72 months) |
FEE | 1.5-5% according to the loan term |
COLLATERAL | Lien |
REPAYMENT | Depending on client preference: • Flat – equal installments for the whole repayment period. • Declining – Interest is calculated on the remaining amount of principal |
INTEREST | 18% Interest rate is consistent with: • Loan amount and terms • Collateral to be used as a guarantee for the loan • Number of loans the client has benefitted |
NEI | % |
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