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Products and Services
FINCA provides LOANS to business owners and entrepreneurs who need additional resources to:
- Support the expansion of their businesses.
- Purchase equipment and other fixed assets.
- Refurbish business space.
- Purchase additional inventory or inputs.
We give offer both collateralized and un-collateralized loans. Loans are available to both Groups and Individuals. Group Loans and Individual Loans. Our loans range from $50 to $50,000
FINCA Loans are:
| FAST | EASILY ACCESSIBLE | SIMPLE |
|---|---|---|
| In general, you can expect to receive a loan within three days of your application. |
|
We have simple procedures and minimal paperwork requirements. NO BUSINESS PLAN IS REQUIRED. Our staff will do most of the paperwork for you, to save your valuable time. |
GROUP LOANS
| Rural Loan Product (RLP) | Solidarity Credit Group Loan (SCG) | |
|---|---|---|
|
Amount |
USD 50 – USD 2,500 |
AZN 50 – AZN 2,000 (if manat loan) |
|
Term |
6 to 18 Months |
4 to 12 Months |
|
Accepted Collateral |
Group Solidarity Guarantee |
Group Solidarity Guarantee |
|
Payment Frequency |
Monthly |
Monthly |
|
Grace Period |
None |
None |
|
Availability |
Available to rural producers engaged in crop planting, animal husbandry, market gardening, dairy production, other processing activities, and trade in rural produce. |
Available to traders, service providers, producers, and other small business operators. |
|
Minimum Group Size |
4 members |
4 member |
INDIVIDUAL BUSINESS LOANS
| FINCA Express Loan (FEX) | Small Medium Enterprise Loan (SME) | |
|---|---|---|
| Amount |
USD 100 – USD 5,000 |
USD 5,001 – USD 50,000 |
|
Term |
3 to 24 Months |
3 to 24 Months |
|
Accepted Collateral |
Combinations of movable assets and/or personal guarantees. Collateral coverage should be no less than 100%. Guarantor coverage can be for up to USD 5,000. |
For loans up to USD 10,000, a combination of movable assets and/or personal guarantees. Collateral coverage should be no less than 100%. Guarantor coverage can be for up to USD 5,000. The remaining amount should be covered by movable household or business assets. Loans over USD 10,000 should be covered by registered assets such as a house, apartment or commercial space. |
|
Payment Frequency |
Monthly |
Monthly |
|
Grace Period |
None |
None |
|
Availability |
Available to entrepreneurs engaged in trade, manufacturing or service industries. |
Available to entrepreneurs engaged in trade, manufacturing or service industries. |
AGRICULTURE LOANS (Individual)
| Individual Agriculture Loan (IAL) | Commercial Agricultural Loan ( CAL) | |
|---|---|---|
|
Amount |
USD 100 – USD 2,500 |
USD 2,001 – USD 30,000 |
|
Term |
3 to 12 Months |
3 to 24 Months |
|
Accepted Collateral |
For loans up to USD 500 only 50% collateral coverage is required. Acceptable collateral includes livestock or a third-party guarantor. |
For loans up to USD 10,000 a combination of movable assets (household or farm/business) and/or third-party guarantees. Collateral coverage should be no less than 100%. Loans over USD 10,000 should be covered by registered assets such as a house, apartment or commercial space. |
|
Payment Frequency |
Monthly |
Monthly |
|
Grace Period |
Up to 9 Months |
Up to 9 Months |
|
Availability |
All farmers who operate a small farm or garden and sell the produces for income generation |
Small farmers or small entrepreneurs who trade with agriculture products |