IFIC - Shilpo Sohay
Loan for Cottage & Micro Enterprise
Loan product for any Bangladeshi potential entrepreneures or group of entrepreneures (maximum 05) who has the business of Cottage & Micro Enterprise i,e, Pottery, Cane & Bamboo, Handloom, Goldsmith, Handicrafts, Jewellery and other manufacturing, service & trading business and has minimum 01 (one) years business experience in particular activity or line of cottage & micro sized business.
Eligibility
- Entrepreneurs must be full time involved in the business.
- Entrepreneurs must be a permanent resident in his/her business area.
- Monthly cash flow to support loan repayment.
Nature of Loan
- Term Loan.
Loan Limit
- Maximum Tk.50.00 thousand for individually operated cottage enterprise.
- Maximum Tk.3.00 lac for individually operated micro enterprise.
- Maximum Tk.2.50 lac for group lending in case of cottage enterprise.
Tenor of Loan
- Maximum 60 (Sixty) months.
Grace Period
- Maximum three months on the basis of business nature.
Security
- Third party personal guaranty as acceptable to bank.
Repayment
- Equal Monthly Installment (EMI).
*Condition applies.