Loan product
Graduate Start-up Loan
The flagship loan for new graduate entrepreneurs.
For the member with an enterprise idea who has completed the enterprise readiness course, has saved for at least three months and has the support of fellow members. A grace period of up to three months during which only interest is paid. Disbursement is made directly to suppliers where practical.
- Eligibility
- New graduate entrepreneurs with the enterprise readiness certificate and at least three months of savings.
- Amount range
- UGX 1,000,000 to UGX 10,000,000
- Maximum repayment period
- 24 months
- Interest rate
- 11% p.a.
- Calculation method
- Reducing balance
- Guarantors
- 3 active members
- Collateral & security
- Solidarity guarantee by three fellow members, compulsory savings of at least 10 percent of the loan, and chattels such as equipment purchased.
- Fees
- Processing fee of 1 percent of the loan. Credit-life insurance at cost. Late payment: 1 percent per month on the overdue instalment only. A key facts statement before disbursement.
Repayment illustration
Estimate your repayments
Reducing balance estimate
Estimated monthly repayment
UGX 441,908
- Total interest
- UGX 302,901
- Total repayment
- UGX 5,302,901
Illustration only. This is not a loan offer or approval. Actual terms, fees and eligibility are confirmed in your loan agreement after appraisal.