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Home > Offerings > Incentives and Development Finance > Small Business Development > Individual Guarantee, Credit Guarantee Scheme |
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Individual Guarantee, Credit Guarantee Scheme
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| | | The purpose of the individual guarantee scheme is to enable an entrepreneur to access funding from a participating bank or other financial institution. The scheme enables the entrepreneur to access funding for purposes of establishing, expanding or purchasing a business. Facilities secured under the Khula guarantee scheme often include term loans, bank overdraft, revolving credit, installment sale, bank guarantees as well as construction performance guarantees.
Credit assessment of all applications is done by the bank itself. Upon satisfying itself that the applications conforms with all its necessary lending requirements, the bank then approaches Khula for a guarantee, if and when it needs cover beyond that which the client can provide.
To read more about the offering, click here to go to the Khula Website.
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