Small Entrepreneurs Group (for Both Male and Female). Trust Ekota specially designed for group of small entrepreneurs (i.e. Nakshikatha, Tribal tant, pottery, bamboo & cane product, agricultural equipment and other income generating activities) who are deprived of bank loan facility so that they can operate their business smoothly.
Features:
- Purpose: To meet up fund requirements for smooth operation and expansion of existing manufacturing business.
- Facility Type: Term Loan
- Loan Tenor: Minimum 15 months and Maximum 36 months including 6 month moratorium period.
- Loan Amount: Minimum BDT 1.00 Lac, Maximum BDT 10.00 Lac (for each group)
- Interest Rate: For Woman Group: 5% Interest Rate applicable upon availability of Bangladesh Bank
Refinance otherwise advised by Head Office from time to time.
- Security/ Collateral:
- Hypothecation of Stock, Receivable, Machineries, etc.
- Collateral Free- up to BDT 05.00 Lac
- Personal Group Guarantee.
- Post/Undated cheque.
- Insurance Coverage (if required)
- Proprietorship Farm.
- Minimum 2 (Two)-year of successful business operation of present business.
- Age Limit: Minimum - 20 years, Maximum - 60 Years.
Required Documents
- Valid Updated Trade License. Flexibility of Trade License for Loan limit upto BDT 5.00 Lac (In case of group loan).
- National ID/Smart Card
- TIN/VAT Certificate
- Bank Statement
- Company Seal
- Photograph
- Updated CIB
- Any other Documents (If required).
- Valid & Updated Trade License. Flexibility of Trade License for Loan limit upto BDT 5.00 Lac (In case of group loan).
- National ID/Smart Card
- TIN/VAT Certificate
- Bank Statement
- Company Seal
- Photograph
- Updated CIB
- Any other Documents (If required).