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Loan Application Form

This form takes you through a series of questions to determine whether or not we are able to assist you with getting a loan. You can get details on the different types of funding that we offer on this page: https://www.smeaz.org.zw/what-we-do/funding

Should you require someone to assist you or explain further on any aspect of the form, you can get in touch with us via Whatsapp by clicking here.

As you answer each question, you will be guided accordingly.

Please enter your name
Please indicate your position
Please input Whatsapp number
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Please indicate available collateral

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Please provide collateral details.
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Properties without title deeds can in some instances be used to obtain loans. However there is a limited set of financiers who accept these, and you may have to use an alternative form of security. Document any alternative security you may have besides this property.

Plant and machinery, as well as stocks can sometimes be used as security. Some financiers may not, however, readily accept these. Where they are accepted, there may be need for insurance and/or collateral management arrangements. You can indicate the types and values of equipment/stocks that you are proposing to use as security below.

Unfortunately we are not able to assist you with a loan at this time. All financiers require at least some form of collateral.

You need to indicate your business' age

There are very limited loan or funding programs available for start-up businesses that are still to commence operations. If you are looking at starting up a basic, low-cost business (chicken rearing, home business etc) with start-up costs of less than US$1 000, you may consider the Empower Bank Youth Business Starter Pack.

If you have collateral security and a good business plan, we may be able to assist subject to further evaluation of your business idea.

The assistance that we are able to provide you with at this stage is refining your business idea through the Potential Start-up membership or if you are already decided on what you want to do, you can join as a Premium Member to get assistance with starting up and growing your business. Should you still want to proceed with the application, you can complete the details below.

Indicate your business' profitability.
Select relevant funding types

For loss-making businesses, the only available funding options would be invoice discounting and order finance. It will not be possible to secure working capital and asset finance loans for a loss-making business. Should you need assistance with dealing with a loss-making business which needs capitalisation or restructuring, you can contact us on Whatsapp or via e-mail on customerservice@smeaz.org.zw .

You can apply for invoice discounting or order finance from the options below.

Select funding type required.

For a business at break-even, it will be possible to obtain order finance or invoice discounting. Depending on the business case, it may also be possible to obtain working capital and/or asset finance, but chances of getting it are low.

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Funding type required
Tax clearance certificate?
Please provide your membership status here.

Please note that in order for us to process any loan, you need to be a paid-up member of the SME Association of Zimbabwe in either the Standard, Small or Medium enterprise categories. The following restrictions also apply with regards to paid-up members:

  • Standard Members can only access Invoice Discounting and Order Finance loans. To access working capital and asset finance loans you will need to upgrade to Premium or Platinum membership, depending on the size of your business. You can process an upgrade on this page: https://www.smeaz.org.zw/upgrade-my-membership

You will need to ensure that your membership is re-activated in order for the loan to be processed. You can get in touch on Whatsapp for any assistance required in that regards.

Please indicate SMEAZ SACCOS status

As a SACCOS member, you may be eligible to obtain some funding through the SACCOS, despite your business not having yet started. You can view details of possible funding options here: https://saccos.smeaz.org.zw/loans/business-loans

You can also speak to your Member Consultant regarding possible funding assistance, or you can get hold of us on Whatsapp.

As a member of the SMEAZ SACCOS, you may be eligible to either obtain your loan directly from the SACCOS, or you may be able to obtain a loan guarantee from the SACCOS for your application. You can speak to your Member Consultant about that possibility. Details on the SACCOS loan products are available here.

You can consider joining the SMEAZ SACCOS to assist you in saving towards your project. Details of how the SMEAZ SACCOS operates are contained here. If you already have savings in the SACCOS, you can look at getting a loan from the SACCOS.

Consider joining the SMEAZ SACCOS in order to improve your access to funding as well as savings products.

As a member of the SMEAZ SACCOS, you may be eligible to either obtain your loan directly from the SACCOS, or you may be able to obtain a loan guarantee from the SACCOS for your application. You can speak to your Member Consultant about that possibility or get in touch via Whatsapp if you are not a paid-up member yet. Details on the SACCOS loan products are available here.

Please input range of amount you want to borrow.

For amounts less than US$1 000 it will be too costly to process through us, unless you are already an existing member. We charge a minimum processing fee of US$50, as well as a success fee of 2% of the loan amount therefore it will be more cost-effective for you to approach financiers directly rather than to come through us.

We have the following Affiliate members who are able to assist:

SMEDCO

You can also approach our members who are into microfinance. 

Fees and charges

Please note that in order for us to process your loan application, we charge a processing fee of US$50, and in the event that we are successful in obtaining the loan for you, there is an additional charge of 2% of the amount of the loan. The US$50 processing fee is billed once we confirm that we are able to process your loan, and is due and payable on invoicing.

An estimate for the Success Fee (2% of loan amount) will also be raised at the time of commencement of processing, but it will only be converted into an invoice upon successful processing of the loan. It becomes due and payable prior to the disbursement of the loan.

Fees and charges

Please note that in order for us to process your loan application, we charge a processing fee of US$100, and in the event that we are successful in obtaining the loan for you, there is an additional Success Fee of 2% of the amount of the loan. The US$100 processing fee is billed once we confirm that we are able to process your loan, and is due and payable on invoicing.

An estimate for the Success Fee will also be raised at the time of commencement of processing, but it will only be converted into an invoice upon successful processing of the loan. It becomes due and payable prior to the disbursement of the loan.

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Please input your bank.

START-UP LOAN

It is generally very difficult to get a start-up loan. We also do not recommend starting up a business with loan capital, unless there is an assured market for the product/service. However, if high quality collateral is availed, we may be able to assist you to get the loan.

Please note that you would need to sign up as a paid-up member under the Potential Entrepreneur or Small enterprise category in order for us to assist. You can complete the details below for us to do a preliminary assessment of whether or not it will be possible to get the loan.

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Please describe the start-up business you would like to venture into
Please input owner's contribution
Input loan amount
Indicate proposed loan repayment period
Input grace period
Indicate if business plan available
Incorporation status required

INVOICE DISCOUNTING

For details on what invoice discounting entails, click here. Please complete the following information which will enable us to give you a preliminary indication of whether or not your application is likely to succeed.

Please provide customer name
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Indicate history with the customer
Indicate expected transaction frequency
Indicate if customer can cede invoice(s)
Input amount owed.
Input amount to be discounted.
Input number of days for them to pay you
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Please indicate payment currency

ORDER FINANCE

For details on what order finance entails, click here. Please complete the following information which will enable us to give you a preliminary indication of whether or not your application is likely to succeed.

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Please input an amount
Indicate loan amount
Input total order cost
Input numbers only
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Input a number, no symbols or other characters
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Input suppliers' details

BUSINESS FUNDING

Business funding refers to funding that is made directly to your business, as opposed to funding done through third parties. We deal with two types of funding specifically under this category: working capital finance, and asset finance.

In order to avail business funding, we will need to understand your business. Kindly provide the information requested below in order for us to be able to fully assess whether or not we are able to avail business funding.

Please input gross sales figure. Amount must be in US dollars.
Input average net monthly profit
Indicate total asset value of the business
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Please indicate if you have an accounting system.
Indicate debtors/creditors schedules availability.
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Indicate if business plan available
Do you have cash flow forecasts?

WORKING CAPITAL

For details on what working capital finance entails, click here. Please complete the following information which will enable us to give you a preliminary indication of whether or not your application is likely to succeed.

Must be a number

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Input number of months
Input grace period required
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ASSET FINANCE

For details on what asset finance entails, click here. Please complete the following information which will enable us to give you a preliminary indication of whether or not your application is likely to succeed.

Input asset cost
Input borrowing amount

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Input repayment period
Indicate maximum interest rate payable
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Thank you for completing the application form. You can submit the form and we will get back to you on whether or not we can proceed to process the loan application.

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