CALL FOR APPLICATIONS FOR MICRO-FINANCE LOAN
PROPOSALS TO UNDERTAKE BUSINESS INVESTMENTS WITH MICRO-CREDIT FUNDING FROM THE CITIZENS ECONOMIC EMPOWERMENT FUND (CEEF).
The Citizens Economic Empowerment Commission (CEEC) has introduced a security-free, affordable and easily accessible micro-finance loan called ‘CEEC Busulu Loan’ targeting individual MSMEs in ALL sectors with specific bias towards youths and women-led MSMEs in rural and peri-urban areas.
The Commission is now inviting loan applications between K5, 000 and K50, 000, from interested targeted individuals (start-ups and existing enterprises) to enable them start or expand their businesses.
Higher loan amounts within the loan threshold will be subjected to further due diligence to determine financing needs.
The Busulu Loan attracts eight (8) percent interest per annum and the maximum loan tenure is twelve (12) months.
CLICK HERE to DOWNLOAD Application Formor visit our Provincial CEEC Office and/or District Commissioners’ Offices countrywide.
- All duly completed application forms should be submitted at the nearest Provincial CEEC Office for processing.
- Applicants with active CEEC loans are NOT ELIGIBLE to apply for this micro-finance facility until they fully repay their loan.
- Applicants must provide a valid mobile number linked to their name to enable disbursement of funds via mobile money platforms.
- Applications that do not follow the stated format will NOT BE ACCEPTED.
DEADLINE: Unless stated otherwise by the Commission, this loan product will NOT be subjected to a closing date as financing will be made on a rolling basis.
Muwe Mungule, PhD
CITIZENS ECONOMIC EMPOWERMENT COMMISSION