Women's Choice

Women's Choice

The Women’s Business loan is for women engaged in micro, small and medium businesses who wish to borrow as individuals for long and short term Investments such as adding capital into business, purchase of shares, import and export business.

Benefits

  • Enables women to increase their working capital
  • Enables women increase their income
  • Loan is payable in manageable installments
  • Up to 5 years loan period.

Requirements

  • Borrower must be a woman
  • Must have and FTB account
  • Must be 18 years of age & above
  • Must have a legal business that has been in existence for at least 6 months
  • Registration to CRB is mandatory
  • Sufficient collateral for the loan
  • Guarantor

 

The Women’s Group loan is for Micro & small women entrepreneurs who wish to access affordable loans as a group to financially boost their businesses.

These women do not need to have sufficient collateral for loans and thus take advantage of group guarantee to access loans.

 Benefits

  •  Enables women access micro loans using group guarantorship 
  •  Enables women increase their working capital 
  •  Enable women increase their income.

Requirements

  •   The group members must be women only 
  •   The group size must be 15-30 members who enjoy mutual trust, confidence & respect and living or working in close proximity of one another 
  •   Borrowers must have a group repayment account 
  •   Each group member must have a savings account at FTB 
  •   Must be 18 years of age & above 
  •   Must have a legal running business 
  •   Registration to CRB is mandatory

This savings product is specifically tailored to women who are 18 years of age and above, wish to have a safe place to save, are financially active and want a high return on their savings and want to access the benefits of medical insurance and non- financial services such as basic business training.

 

Benefits

•Financially empower women to realize their potential  

•A safe place for women to keep their money.

 

Requirements

•Signatories to identify themselves by any of the following:

•Voters card

• An LC1 identity card

• Identity card from a recognized institution.

•Valid Driving Permit

• Valid Passport

The group must have a Constitution or By- Laws

The Women’s Salary loan is for employed women who wish to access loans for acquisition of assets such as cars, household furniture & equipment undertaking professional development or even purchase of land.

Benefits

  •  Pay loan in small manageable installments
  •  Pay loan in up to 5 years

Requirements

  •  Borrower must be a woman
  •  Must have an account with Finance Trust Bank
  •  Must be 18 years of age & above
  •  Must have stable employment with a reputable organization
  •  Must be employed on permanent/contract terms
  •  Copy of appointment letter/contract
  •  Minimum of 1 months’ salary remittance through Finance Trust Bank salary account
  •  Proof of salary payment i.e. 2 recent pay slips
  •  Letter of undertaking or MOU from employer signed by 2 signatories
  •  Registration to CRB is mandatory

The Women’s Land purchase loan is for Women who wish to access loans for purchase of plots & land for future development, farming.

Benefits

  •  Enables women to own land
  •  Enables women to grow their asset base
  •  Pay loan in small manageable installments
  •  Pay loan in period of up to 5 years
  •  Land purchased can be used as collateral for the loan

Requirements

  •  Borrower must be a woman
  •  Must have an account with Finance Trust Bank
  •  Must be 18 years of age & above
  •  Must have a steady, regular & clearly identifiable source of income as evidenced by bank statements.
  •  Registration to CRB is mandatory
  •  Sufficient collateral cover for the loan
  •  Proof of intended purchase
  •  Guarantor

The Women’s Home improvement loan is availed to women who wish to access funding for Household / livelihood improvement such as home renovations and home furnishing either to improve living standards or improve the market value of house before a sale.

Benefits

  •  Enables women to improve the value of their houses
  •  Pay loan in small manageable installments
  •  Pay loan in period up to 5 years

Requirements

  •  Borrower must be a woman
  •  Must have/open a Mama safe savings Account
  •  Must be 18 years of age & above
  •  Must have a steady, regular & clearly identifiable source of income as evidenced by bank statements
  •  Registration to CRB is mandatory
  •  Sufficient collateral cover for the loan
  •  Proof of planned home improvements
  •  Guarantor

The Women’s Housing Purchase loan is for Women who wish to access funding for Purchase/construction of moderate homes.

Benefits

  •   Enables women to own homes
  •   Enables women to grow their asset base
  •   Pay loan in small manageable installments

Requirements

  •   Borrower must be a woman
  •   Must have an account with Finance Trust Bank
  •   Must be 18 years of age & above
  •   Must have a steady, regular & clearly identifiable source of income as evidenced by bank statements
  •   Registration to CRB is mandatory
  •   Sufficient collateral cover for the loan
  •   Proof of intended purchase
  •   Guarantor

The Women’s Renewable Energy loan is availed to women who wish to access financing for acquisition of clean energy e.g. solar, cooking stoves & Bio gas for home use or commercial purposes.

Benefits

  •   Live and cook in a clean environment that doesn’t endanger the health of the whole family
  •   Acquire skills in renewable energy preservation.
  •   Equip school and home kitchens with energy savings cooking stoves
  •   Pay loan in small manageable installments.

Requirements

  •  Borrower must be a woman
  •  Must have an account with Finance Trust Bank
  •  Must be 18 years of age & above
  •  Registration to CRB is mandatory
  •  Borrower must have sufficient collateral
  •  1 reputable guarantor

The Women’s Health loan is extended to women who wish to pay Medical Insurance Premiums for their health, children or dependants.

Benefits

  • Get financing for paying for medical insurance for self and immediate family.

Requirements

  •  Borrower must be a woman
  •  Must have an account with Finance Trust Bank
  •  Must be 18 years of age & above
  •  Evidence of insurance premium quotation from a prequalified Health insurance provider by Finance Trust Bank
  •  Registration to CRB is mandatory
  •  Collateral
  •  Guarantor

 

The Women’s Pension loan is for women who have retired from public service and are receiving pension but who wish to access loans for any purpose.

Benefits

  •  Enable women grow their asset base, pay medical insurance and purchase any item they may desire
  •  Enable women access loans for any purpose

Requirements

  •  Borrower must be a woman
  •  Must have/open a Mama safe Savings Account
  •  Must be a pensioner
  •  Must have proof of pension remittances
  •  Minimum of 1 months’ pension remittance through FTB account
  •  Letter of undertaking or MOU from pension fund by 2 authorised signatories
  •  Registration to CRB is mandatory

The Women’s Agriculture loan is for women engaged in agriculture activities at various levels in the value chain. Individual women involved in farming activities at production level; individual women involved in agricultural processing who would like to add value to agricultural products before marketing; individual women involved in marketing of agricultural products & inputs.

Benefits

  •  Enables women in agriculture expand their business
  •  Increase ncome
  •  Pay back based on cashflow

Grace period where applicable

Requirements

  •  Borrower must be a woman
  •  Must be 18 years and a permanent resident in the operational area where the loan is sought for at least 1 year
  •  Should have a verifiable agricultural business and experience in a similar line for at least 1 year
  •  Must have a savings account at FTB
  •  Registration to CRB is mandatory
  •  Sufficient collateral for the loan
  •  Tenancy agreement if land for agriculture is hired
  •  Collateral
  •  Guarantor