We provide soft loans to Small businesses at Single digit 9% pa to cover cost of rent, Business tools and equipment with no collateral. Businesses that have operated for 3 years and above, having bank statement to show performance history can apply. SBS loan to individuals is between $500 to $2,000 ie #750,000 to #3,000,000. SBS loans to Small business JV partners or groups is in multiples of what individuals can get. Small Businesses supported under SBS loans include, but not limited to: Restaurants, Fashion & foot wears production, Transport, Logistics and delivery services, Livestock production, Mechanized farming, etc. When fully operational, we seek to support 1 million members annually. Collateral waive is compensated for by meeting several requirements driven by depth of KYC, your past business performance records, etc, as listed below:
- You must have an active wallet that you use to purchase some Agricultural products from partner farms or restaurants for a period of 9 months or more.
- Accept use of TRAND tokens which customers can use to pay for 10% – 40% of value of goods and services sold by your business.
- Take SET online training courses in 2 or 3 subjects that can boost your business skill set. Courses are free as registration can be done with SET coupons.
- Participate in our online mentoring program, attend our Quarterly business growth master class and attend TRAND events in your location.
- Participation in monthly or bimonthly in Farm crowd fund consistently for 1 year or more
- Consistently keep your wallet active with the Monthly minimum exchange.
- Save 25% of the loan amount you seek, saved over a period of 6 to 12 months.
- Maintain a savings account for your 25% savings in an official partner bank