JGP has developed financial products for SMEs that are owned by the youth, women and men. Some of the products that are offered are included below.
Provided by Grassroots Business Fund and Powered by People
SME Products
Highlights
Medium-Term Working Capital Loan
Offered by GBF, this loan supports businesses looking to expand operations and improve financial self-sufficiency with loan amounts tailored to business needs and ability to repay the loan
Purchase Order Finance
Offered by GBF, this loan provides short-term financing to bridge cash flow gaps during the fulfillment of verified orders, with amounts based on the Purchase Order value.
Asset Finance Loan
Offered by GBF, this loan supports the purchase of assets necessary for business growth and operational efficiency, with loan amounts aligned to asset cost.
Purchase Order Management Service
Offered by Powered by People (PBP), it manages purchase orders and facilitates advance payment terms to assist artisans with cash flow challenges upon receiving verified purchase orders from buyers.
Consignment Finance
Offered by Powered by People (PBP), this financing boost helps makers and retailers overcome financial barriers by enabling them to bring products to market and meet retailer demand with confidence.
SMEs loan products FAQs
-
Loans to small and medium enterprises will range from KES 100,000 to KES 14,000,000. The loans are based on the cash flows of the business and its ability to repay the loan.
-
The loans will be repaid within 3 to 24 months based on the funding purpose and requirement.
-
The funds will be used to support the operational requirements of the business and to meet short-term and medium-term business opportunities like servicing local purchase orders, local service
orders, expanding the business and paying critical short-term creditors.
-
JGP via GBF will provide technical support, training and updates via in person physical training and virtually through on-line platforms. You will receive updates and important information from your loan officer or via SMS. The support will include financial literacy training, business growth strategies, and financial and operational plans to help your business thrive.
-
We first confirm your eligibility to the requirements of the program such as a viable business, majority women and youth owned. Thereafter we’ll review your business financial status by looking at elements such as the transactional data from your mobile money statements, sales records, purchase records, merchant and creditor records etc.
-
Your loan officer will be in constant touch with you during the appraisal journey and will keep you up to date all the time.
-
Yes, but you will only be considered for one loan for one business/company at a time.
-
The following factors will lead to automatic disqualification from the loan application, canvassing, non-inclusion of requested documents, submission of forged documents or wrong information among other illegal activities as per the program requirements or laws of Kenya.
-
Staff members and their families are not eligible to make an application for a loan under this program.
-
Any questions should be submitted via email to jgp@gbfund.org