• Call Us+260 211 224 653 / 225 080
  • Email at izb@izb.co.zm
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MSME Loan

Purpose

  • For staring a new project – Term Loan for acquiring fixed assets as well as overdraft for meeting working capital requirement. Composite loans for micro units

Quantum of Finance

  • 80% to 90% of the project cost

Criteria

  • Registration with PACRA as a business enterprise
  • Fixed investment (excluding on land & building ) not to exceed as follows;
  • Micro enterprise- ZMW80,000
  • Small Enterprise -manufacturing unit - ZMW 200,000 & Service unit –ZMW150,000
  • Medium Enterprises-manufacturing- ZMW500,000 & Service Unit-ZMW300,000
  • Sales Turnover not to exceed as follows; Micro enterprise- ZMW150,000
  • Small Enterprise – ZMW250,000
  • Medium Enterprises-ZMW8000,000
  • No. of employees
  • Micro enterprise- Upto 10
  • Small Enterprise – 11 to 50
  • Medium Enterprises-51 to 100

Criteria 1 & 2 are compulsory which should be met together with either 3 or 4

Available products:

  • Project Finance by way of term loan for acquiring fixed assets, plant & machinery, equipments
  • Working capital by way of loans and overdrafts
  • Short term loans for financing specific orders
  • Invoice Discounting for financing receivables
  • Non fund based facilities like Bid bonds , performance Guarantees , Letter of credit
  • Trade finance for import and export
  • Composite loans available for small units

Repayment Period

  • Maximum 60 months subject to profitability/income generation

Rate of Interest

  • BOZ Policy Rate plus margin 

Security

  • Mortgage of property/ Debenture of immoveable and moveable assets/Liquid security etc.
  • *Relaxed financial parameters.
  • *Quick disposal of applications

Please contact your nearest, branch for further details