SME Loans
SMEs foster the development of entrepreneurial skills, innovation, and employment. They account for the majority of businesses worldwide and are an important contributor to job creation and national economic development.
ServCred believes in the need for a broadened range of financing instruments available to SMEs, in order to address their diverse financing needs.
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Product Overview
ServCred provides SMEs with the ability to mobilize capital relatively quickly, in response to start-up or growth opportunities, and market windows, that can rapidly arise (and equally rapidly close).
Benefits of an SME Loan
- Easy and Quick with credit pre-approval feature.
- Flexible terms and conditions.
- Low documentation needs.
- Affordable interest rates.
- No bank charges.
- Free business mentoring.
Eligibility Criteria
If you are a small or medium-sized business owner in Mozambique, these are the qualifying conditions you are required to meet:
- Applicants must be between the ages of 21 and 60.
- Applicants’ businesses must be older than three years.
- They must have submitted Income Tax Returns for the business for at least two of those three years.
- Applicants must have a viable business plan supported by cashflows that can be stress tested.
- The applicant must not have any past record of loan default in their or the business’ name.
