FINEX BUSINESS LOAN
This is a working capital loan meant to boost the business of small and medium businesses. Collateral of up to 20% of loan amount is paid into customer’s account as regular business sales proceeds over a minimum period of 4 weeks. Repayment is done daily, weekly or monthly over an agreed period of time at competitive interest rate. Inventory and movable assets will be considered as additional collateral and a guarantor will be required.
FINEX IMPORT CLEARANCE LOAN
This loan provides working capital for medium sized businesses to clear their goods from the warehouse or agents. It is repayable over a maximum period of three months.
FINEX ASSET ACQUISITION LOAN
Asset acquisition loan is disbursed to clients for investment in acquisition of income generating assets and pay instalmentally over a period of time. Own contribution of 20% is required. Only brand new items can be financed.
FINEX MONTHLY LOANS
This product is designed to enable our customers to make bulk purchases and pay down in line with their normal trading cycle. Open a daily contribution account, deposit for 10 consecutive days and collect up to three times (3x) your contribution amount. Repayment of the loan amount will be from subsequent daily contribution. Other requirements as advised.
FINEX NEXT OF KIN EMPOWERMENT LOAN
A loan product aimed at providing individual and corporates the opportunity of advancing loans to beneficiaries through the bank while providing cash backing of 100% of the loan amount. The bank will disburse and monitor loan recovery from beneficiary.
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Finex Microfinance Bank.
Providing excellent financial services and loanable funds to a large segment of the public with special emphasis on economically empowering micro and medium scale entrepreneurs who desire to set-up and grow their businesses.