If you're looking for financer for your SME loans without complicated bank requirements then consider Tisa Community Finance (TCF). Pacifund signed an agreement with TCF and CEO Karai Morea today to make their SME loan products more accessible to MSMEs nationwide. They can fund loans from K1,000 to over K10 million.
1. MICRO BUSINESS LOAN
Range: K1,000 to K50,000
Equity: Nil
Security: IBD up to 25% of loan amount on a case by case basis.
Loan Term: 3 years
2. SME Loan
Range: K50,000 to K10 million plus
Equity: Nil, can be historical equity
Security: IBD and Assets
(IBD stands for interest bearing deposit. It is a long term savings product where you can make as much as 7.5% interest when you save with TCF)
Interest rate ranges from 15% to 30% depending on risk assessed but advantage is that they can process your loan in as little as 1 week unlike other banks. They have successfully funded shops, vehicles and other SMEs already.
They are located nationwide and our Pacifund team can help you secure funding. Email us on info@pacifund.com.
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