SWIFT AND TRUSTED BUSINESS FUNDING

We are 100% committed to providing the best funding solution for you and helping you grow your business. Partner with us to take your business to the next level.

OUR SMALL BUSINESS LOAN OFFERING

Our team of small business finance specialists have put together tailor made small business loans to suit all types of business needs; from start-ups looking for a cash injection; to medium sizes businesses looking for some capital to expand.

AGRICULTURAL LOAN

These are Loans given to Persons involved in the agri-business sector under purposes; crop production, livestock, agri-processing, marketing, mechanisation, and all activities along the agriculture value chain. Agriculture financing is offered at solidarity, individual and SME categories both collateralized and uncollateralised but uniquely segregated due to its specialized nature.


Requirements

      - Applicant must have an active account with Opportunity Bank.
      - Must have experience in production for at least two consecutive agriculture seasons.
      - Provide evidence for ownership of the Farm or Copies of tenancy agreement for the Land under use for Production.
      - Financial Card for all Borrowers inclusive of the Non-Persons.
      - Financial Statements with detailed accompanying notes.
      - Projected Cash flow Statement.
      - Valuation report from the Banks recommended valuers.
      - Collateralised and uncollateralised and guarantors with valid identifications and KYC.
      - Loan Application fees and CRB Search Fees.
      - Supporting documents for seasonal Sales.
      - A comprehensive project proposal for the intended investment.
      - Credit Record and balances on outstanding facilities in other institutions/banks.
      - Consent from the spouse or family to mortgage land.
      - Certificate or licenses for the Businesses.
      - Credit Scoring.

SME TERM LOAN PRODUCT

Above Ugx. 20M up-to Ugx. 1.3Bn and maximum loan period

These are collateralised Loans accessed by both individuals & companies for purposes of business growth, school improvement, real estate & Others depending on the need. These Loans have competitive rates & are dependent on the need. Loan Amounts: Above Ugx. 20M up-to Ugx. 1.3Bn and maximum loan period.


Requirements

      - Applicant must have an active account with Opportunity Bank.
      - Must be registered/Legally operating as per Laws of Uganda.
      - Must have been in existence for at least 3 years.
      - Memorandum and articles of Association, partnership deed or sole proprietorship must be provided.
      - Resolution to borrow by the Board.
      - Financial Card for all Borrowers inclusive of the Non-Persons.
      - Financial Statements with detailed accompanying notes for at least 3 Years from Registered Accountants.
      - Projected Cash flow Statement.
      - Valuation report from the Banks appointed valuers.
      - Bills of quantities for construction projects if the purpose is for construction purposes. Where the project is asset acquisition, copies of invoices will be required & at least Borrower to contribute at least 20% of the total Cost.
      - Registered collateral and guarantors with valid identifications and KYC.
      - Loan Application and Credit Reference Bureau Fees.
      - Supporting documents for incomes and Expenses.
      - A comprehensive project proposal for the intended investment.
      - Good credit record and balances on outstanding facilities in other institutions/banks.
      - Consent from the spouse or family to mortgage land.
      - Certificate or licenses for the Businesses.
      - Credit Scoring.

INDIVIDUAL LOANS

Ugx. 500,000 to Ugx. 20,000,000 with a maximum loan term of 2 years

Ideal for any persons that need small loans for Working Capital, Home improvement, Education, Clean energy and others depending on the need. Eligible client must at least have business experience of at least 12 months & the business must be profitable to facilitate Loan Repayments. Loan under this category are both uncollateralised and collateralised depending on the loan exposure and risk profiling.


Requirements

      - Financial Cards for the Borrower inclusive of the Company, Partnernship or Individuals.
      - Bank Statements from your Other Bankers for at least a year.
      - Valuation from the Banks Appointed Valuers depending on the loan amount.
      - Supporting Documents for incomes and expenses.
      - Loan application and CRB Search fees.
      - Copy of the Trading License i.e. evidence for ownership of the Business.
      - Have an Account in Opportunity Bank.
      - The Loan must be collateralised.
      - Offer Letters & Bank Statement for Other Participating Institutions with Running Loans.
      - Loan Amounts range between Ugx. 500,000 to Ugx. 20,000,000.
      - Maximum loan duration is 24 Months.

SOLIDARITY LOANS

100,000 to Ugx. 5,000,000 with a maximum loan term of 12 months

Ideal for customers who are unable to provide collateral as security but exhibit ability and willingness to access financial services through groups. The group members must be economically active in business & co-guarantee each other with an objective of meeting their financial needs. Members enjoy vast financial literacy training which transforms their lives & loans are offered at competitive interest rates. These loans might be for Working Capital, Payment of School Fees, clean energy, micro housing, agri-business and village savings and loans associations (VSLAs).


Requirements

      - 5-40 members form a group to cross guarantee each other.
      - Repayment frequency on weekly, fortnightly and monthly payable in maximum 12 months.
      - Loan amount ranging from Ugx. 100,000 to Ugx. 5,000,000 per individual in a group.
      - Loan security fund of 15-20% of the loan amount
      - Ordinary Savings Account with Opportunity Bank.
      - Membership Fee Ugx. 7,000/=
      - Members must be economically active in their respective business(es).
      - Each borrower must possess a financial card