Trade Finance
This loan facility is specially designed to enable registered churches acquire musical instruments and also enjoy a flexible repayment plan.
This is a partnership with KFM limited (supplier of musical instruments) to enable churches acquire musical instruments with ease and with a flexible repayment period.
FEATURES
- 10% contribution by client
- Repayment period (up to 10 months)
- Interest rate of 2% per month
- Facility fee of 1%
REQUIREMENT
- Church must be registered
- Letter of consent from church leadership
- 2 Guarantors must be provided
- Provision of financial records (e.g. bank statement, cash book or income and expenditure, etc.)
- Declaration of other commitments elsewhere
