Upgrade or acquire essential equipment.
This facility is available to existing businesses to purchase assets such as plant, machinery and equipment, and non-PSV commercial vehicles.
Areas of Focus
Key Features
- Minimum loan amount of Kes 10 million
- Tenure of up to 5 years inclusive grace period on principal repayment of up to 12 months
- Competitive pricing
- Terms and conditions apply
Application Requirements
Dully filled application form
Board Resolution to borrow or to invite KDC to acquire a stake in the Company
Feasibility Study/Business plan including Financial projections for the duration of the facility
Copy of Certificate of Incorporation
Copy of Memorandum and Articles of Association/CR2
Copy of Company’s KRA PIN and CR12
Tax Compliance Certificate (existing company)
Copy of latest Annual Return (existing company)
Copy of National ID and KRA PIN of Directors
2 recent colored passport photographs of Directors
Profiles of Shareholders/Directors and key Management
Bank Statements and/or Money Transfer Statements for the last 12 months (existing company)
Audited Accounts for the last 3 years and Management Accounts for the current financial year (existing company)
Copy of Bill of Quantities (BQs)/Quotations/Proforma Invoice (where applicable)
Proposed Security for the loan
Tenancy agreement long enough to cover the tenure of KDC’s facility, in respect of suitable rented property
Copies of relevant Government of Kenya Licenses & Regulatory permits
Confirmation that lead promoters shall finance at least 33% of the cost of the project
