BPR is committed to supporting entrepreneurship which is the engine of the economy. BPR’s SME loan targets small and medium enterprises across various sectors: craft, industry, trade, agro-processing, agri-business, etc.
BPR’s SME loan is meant to help improve the competitiveness of existing businesses and industrial units through the upgrading of their business and production tools.
The loan may be used for example to:
Purchase production materials and equipments
Make any other business / production investments
Renovate an existing plant
Provide working capital
Loan terms and conditions
The SME loan finances 80% of the project, the remaining 20% is own equity of the borrower.
The loan amount depends on the repayment capacity of the borrower
The interest rates are competitive and low depending on customer rating
The loan is repaid in fixed monthly installments going up to 36 months (3 years).
Collateral for this loan may be:
— Movable or immovable assets
— The assets acquired by the loan
— Joint guarantee for associations / cooperatives.
The borrower needs to be a customer of the bank for at least 1 month
The borrower needs to present a viable project for financing.
Think big for your enterprise, we shall finance.