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Small Medium Enterprises (SME)
Features
Customer Segment
- Business Entities:
- Individuals (Sole Traders)
- Partnerships
- Incorporated bodies
- Societies and clubs
Purpose
- For Working Capital
- Equipment Purchase
- Renovation/Refurbishment of business premises
Minimum O/D/Loan: GMD100,000
Maximum Loan/Overdraft: GMD1,000,000 (GMD2,000,000 for fully cash secured)
Tenor
- Overdraft-1 year renewable
- Loan- min. 6 months, max. 3 years
Benefits
- Enable small businesses have access to credit facilities
- Contribution towards entrepreneurial development
- Employment creation
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