Small & Medium Enterprise Business Loans
Success Microfinance Bank offers a range of tailored credit products that are designed to provide the momentum for growing SME businesses. There is freedom to choose the most suitable loan that meets all financial needs. Success Microfinance Bank offers flexible tenure, processes, minimum documentation and swift turnaround.
Micro Enterprise Loans
These are loans targeted at the smallest, informal businesses such as vendors who require working capital finance to grow their businesses and the loan repayments are matched to the cash flow generating capacity of the micro-enterprise.
A value chain is a set of linked activities that work to add value to a product; it consists of actors and actions that improve a product while linking commodity producers to processors and markets. Success Microfinance Bank’s work in agribusiness value chains includes:
• Providing finance to buy inputs as the primary role;
• Facilitating provision of technical assistance during
the production process;
• Establishment of market linkages with buyers
(including negotiation of competitive prices on
behalf of the farmers) and
• Collection of payments for the produce.
Invoice discounting enables MSMEs or individuals to borrow money based on amounts due from their customers. Invoice discounting immediately releases funds from unpaid invoices to help borrower manage cash flow. Invoice discounting essentially
accelerates cash flow from customers, so that instead of waiting for customers to pay within their normal credit terms, clients receive cash almost as soon as you issue the invoice. Success Microfinance Bank immediately pays up to 80% of the invoice value.
Order financing enables MSMEs or individuals to immediately access cash to fill single or multiple customer orders. This ensures that MSMEs or individuals do not turn away orders due to the inability to afford the supplies
necessary to meet the client’s particular needs.
Debt factoring enables MSMEs or individuals to sells their accounts receivable to Success Microfinance Bank at a discount to their face value. Debt factoring immediately releases funds from accounts receivables to help the
MSME or individual meet immediate cash flow needs instead of waiting for customers to pay their invoices.
These loans can be used to cover financing gaps in respect of school fees, medical, funeral or other urgent expenses.
Lease Financing enables entrepreneurs or individuals to acquire equipment or business assets on credit. This allows businesses and individuals who cannot afford to pay the full purchase price at once or with limited capital to acquire new production techniques and machinery through the use of equipment they otherwise would not have.
Micro-housing loans enable homeowners and prospective home owners to finance home improvements costs; acquisition of stands and services; construction or purchase of houses.
Hire purchase enable entrepreneurs or individuals to assets on credit. This is an arrangement whereby a customer acquires an asset by paying an initial installment and repays the other part of the cost of the asset over a period of time. Initial installment will be a deposit of 0%-30% of asset price.