CONSTRUCTION AND INFRASTRUCTURE LOAN PRODUCT
The loan product will support MSMEs and Cooperatives interested to start-up and scale-up business in the construction industry. The Commission will be offering project finance loan facilities with a maximum of K3, 000,000.00.
This empowerment product is affordable, competitive and easily accessible , and also offers a flexible repayment plan.
Areas of investment will include long term working capital and procurement of equipment for Road Works, Real Estate, Construction of Schools and Health Facilities, Paving of Roads using both Concrete Pavers and Cobblestones, Borehole drilling and Block making.
LOAN INTEREST AND TENOR
The loan will attract twelve (12) percent interest per annum and the tenure shall be a maximum of Sixty (60) months.
Security for this facility will include; landed property, movable assets, account receivables and debentures on assets to be purchased using CEEC loan.
Eligibility of beneficiaries shall be based on the following;
- Beneficiary must be a Zambian Citizen with a Green National Registration Card
- Must have a viable business
- Must provide sufficient security to secure the loan being applied for.
- Must be registered with National Council for Construction
MSMEs and Cooperatives who meet the above criteria are encouraged to submit complete Project applications with the correct attachments on the Online Portal during the current Call for Applications.