PML’s SME (Small to medium enterprises) is ideal for the small to medium sized business owners needing finance for asset acquisition or working capital for their business.

Product Features

  • Collateral=100% cover
  • Cash Collateral: 20%
  • Tangible assets: 80%
  • Interest Rate: 24% per annum flat rate
  • Installment Fees: 5% of the loan amount up front
  • Amount: K15,000 to K250,000
  • Term: 36 months (3yrs)


  • Business must be in operation for at least 12 months
  • *Copies of bank statements for the last three months if banking with another bank
  • Financial statement of the company for the last 12 months
  • An appropriate trading license (IPA Certificate)
  • *Quotation from suppliers
  • Copies of current contract doucuments
  • *Guarantee letter attached with customers ID photo
  • *Character reference form community leader or a church pastor, business partner or supplier etc. (x2)
  • Copies of receipt of payments for the last 12 months
  • *Copies of any other documents that may be in handy & customers copy of identification card (ID)
  • *100% security (20% cash equity and 80% assets)
  • *Valuation report and copies of registration papers if motor vehicle proposed for loan collateral
  • Current cash flow business income, Daily/Weekly/Monthly or a year.

For more information please do not hesitate to call into our branch near you or contact our credit team on 321 2111

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