Information for Loan Applicants
Taking out a loan for your business is a very big decision that should not be taken lightly. We at CEMFIN are available to guide you through this process. Below is a basic structure of the two types of loans we currently provide and the application form if you wish to take the first step towards applying for a loan with us.
Loan Application Form
Click on the Application image to the left in order to download the loan form. The entire packet needs to be filled out unless it is otherwise stated. If you have any questions or concerns please stop by our office in Mongu and we would be happy to sit down and explain the requirements found within this document.
Currently, our customers are only those entrepreneurs within the Greater Mongu Area. We understand the demand is great throughout Zambia and one day we hope to provide individuals all over the country with access to the capital they need. Especially, the most vulnerable in our society.
Group loans require 5 to 6 people with individual businesses and a contractual obligation to pay for other group members if anyone fails to repay the proper loan amounts.
Group loans are currently 6 month loan terms with an interest rate of 7% per month. However, the rate and loan term is subject to change. Please stop by our office for the latest interest rate and loan structure.