Working Capital Loan

This is a loan for purchase of stock or payment of business expenses.

  • Business stock or other assets to form part of security.
  • Comprehensive insurance on stock or assets acquired and used as security mandatory.
  • AWE Diaspora Sacco must be noted as loss payee on insurance policy
  • Collaterals are acceptable for this loan
  • Valuation of stock & assets mandatory.
  • Subject to 3 times member savings
  • Repayment period: 24 months.
  • Interest rate is 1 % per month or 12% per annum on reducing balance.
  • Loan processing fee is 1% of the loan amount
  • Loan insurance fee is 1% of the loan amount per annum.