This is an intervention by UDB to enable access to affordable financing and Business support with the aim of promoting sustainable growth of SMEs and build their resilience against business shocks.

Product Features

1. SME BUSINES ACCELARATION FACILITY

This covers the following aspects

. Short-term working capital

. Trade facilities

. Invoice discounting

. Contract financing.

. Min Ugx 50M

. Max Ugx 720M

. Debt/Equity Ratio 80%:20%

. Loan Tenure up to 1 year(revolving)

. Grace period up to 3 months

. Appraisal fees 1% first time

0.75% on revolving amounts

. Interest rates10-12% p.a

2. SME ASSET FINANCING FACILITY

The product enables SMEs acquire assets necessary for production. It entails the following aspects;

. Collateral pegged to the acquired asset.

. Min Ugx 50M

. Max Ugx 720M

. Debt/Equity Ratio 90%:10%

. Loan Tenure 6 years

. Grace period Upto 2 years

. Appraisal fees 0.75%

. Interest rates 10-12% p.a

3. SME BUSINESS EXPANSION FACILITY

This is to facilitate SME businesses with demonstrated potential of expansion (both startups and existing) with capital investment.

This entails the following aspects

. Min Ugx 50M

. Max Ugx 720M

. Debt/Equity Ratio 80%:20%

. Tenure up to 6 years

. Grace period 2 years

. Appraisal fees 0.75%

. Interest rates 10-12% p.a

Eligibility Criteria

1. Entity must be a Small or Medium Enterprise

2. Annual Turnover of up to UGX 100M for small enterprises and Medium up to UGX 360M.

Application Process

All the customers under Kazi Loans, should follow the application process below.

(a). Fill the Special Programs application form in substitution of a business plan.

(b). Attach the standard requirements for special programs.

Application Link: https://www.udbl.co.ug/service/sme-kazi-loans/

Apply Here