Financing Instruments and Financing Providers

All industries

LIST OF KYC FOR LIMITED COMPANIES

1. TIN & VAT certificates
2. Recent Tax clearance
3. Certificate of incorporation
4. Identification documents of directors and shareholders
5. Memorandum and articles of association/partnership deed
6. Board borrowing resolution
7. Certified copy of the latest annual returns
8. Bank statement of the past 12 months
9. Cash flow projections of the next 12 months
10. Management accounts from January to date
11. Audited financials for the past 3 years
12. List of contracts on hand if available

LIST OF KYCS FOR SOLE TRADERS/PROPRIETORS

1. TIN & VAT certificates
2. Certificate of registration & extract from Brela
3. Recent Tax clearance (TRA report)
4. Identification documents for owner/partners
5. Bank statement of the past 12 months/Mobile transaction statements
6. Residence verification letter from local government
7. Board resolution (if it is a partnership

Sole Proprietors, Companies, Cooperative societies, Government Institutions.

Depends on the type of client and project type. Key documents include; Business/project write-up including projected financials; KYC papers (certificate of registration, tax clearance, and business license where applicable, previous financials and production records, buyer/farmer contracts if applicable, necessary regulatory permits such as water use rights (if applicable), certificate of maximum liability (CML) for cooperative societies, and others)

• Farming
• Farm input
• Crop business

• Business registration (Formal)
• TIN Number
• NIDA

• Running or existing business

• TADB checklist which includes KYC documents
• Business plan or proposal
• Bank statement for 12 months
• Security documents

• Asset financed can be used as collateral.
• Customer to provide 20-25 percent down-payment
• Financed asset should not be older than 8 years from the year of manufacture

1. Certificate of Incorporation, MEMART (if incorporated)
2. TIN (Tax Identification Number)
3. Loan request letter (stating the terms, loan type, amount, and tenure)
4. 12 months bank statement
5. Valid ID i.e. National ID, Voter's ID, passport, Driver's license
6. Audited financial statements

• 12 months business turnover

• KYC documents
• Three years financial statements + Management accounts
• 12 months Bank statemement
• Company profile

Formal Business (Sole Proprietor or Company)

• Business Registration
• TIN Number
• NIDA
• Certificate of Incorporation

company, sole proprietor, employee

For Company

1. Current KYC document
2. Well-filled loan application documents
3. All legal business documents (TIN, Business license, Extract of business name registration, Tax clearance, Registration document)
4. CIT report
5. Bank statement
6. Current photos for the business, client, and collateral
7. Profoma invoice from the supplier
8. Proof/receipt for 50% payment
9. Comprehensive insurance
10. Memorandum of Association
11. Board of resolution
12. Official BRELA search report
13. Certificate of registration
14. Bandari and TRA assessment
15. Bill of lending
16. Director's introduction letter and IDs

For Employee

1. Three salary slips
2. Employee contract
3. Profoma invoice
4. NSSF contribution statement
5. Introduction letter
6. Bandari and TRA assessment
7. Bill of lending
8. Three-month bank statement

For a Sole proprietor

1. Current KYC document
2. Well-filled loan application document
3. All legal business documents (TIN, Business license, Extract of business name registration, Tax clearance, Registration document)
4. CIT report
5. Bank statement
6. Current photo for the business, client, and collateral
7. Car invoice from supplier
8. Proof/ receipt of 50% payment
9. Comprehensive insurance
10. Bandari and TRA assessment
11. Bill of lending
12. Introduction letter and IDs

Construction, Trade and Mining.

Audited Financial statements -Clients & Customer for the last (3) years

Bank Statement from the Principal Banker for the last (12) months

Details of Facilities with other financial institutions

List of key clients

Details of executed contracts with key clients

Account opening documents

Security covering 125% or more of the total loan (legal mortgage, cash, treasury bills)

List of executed, ongoing and future projects

1. Must have a source of income
2. Must have a valid identification.
3. Business/applicant information.
4. Must have two referees with valid identification.
5. Must provide collateral worth three times the amount requested.
6. Residential information of the applicant and the referee.

1. Letter of introduction from government authorities.
2. Copy of business license.
3. Financial information on sales.