Sidian Bank: a Game Changer in the Entrepreneurial World

Sidian Bank recognizes the significant accountability and inherent risks that an entrepreneur takes to turn his ideas and dreams into reality. It is for this reason that the mission of Sidian Bank is to empower entrepreneurs to create wealth through provision of transformational financial solutions that meet entrepreneur’s needs and facilitate growth through convenience and choice.

Sidian Bank has some of the products that best suits an entrepreneur in any field to kick start his or her projects through growing an idea into reality.

Have you tried out the Kilimo Plus Micro product from Sidian Bank? This is a facility custom-made for smallholder and medium-scale farmers in all agricultural sectors done for commercial purposes.

The product has the following features:

• Grace period may be accorded depending on the product cycle
• Granted for land preparation, purchase of farm input, assets, machinery, equipment, livestock etc.
• Flexibility in collateral requirement
• Interest rates will be as per Chama Biashara and Jibebe Loans depending on the one that is applicable

What about the Chama Bishara Loan? This is a loan facility designed for micro clients within groups, who agree with the co-guarantee mechanism for individual borrowing.

The product has the following features:

• Loans available from Ksh 5,000 to Ksh 500,000
• Registration fees of Ksh 200
• Passbook at Ksh 100
• Loan repayment options are either monthly, bi-weekly or weekly

And have you checked out for Chai Loan? This is a product to bridge finance gaps for tea farmers based largely on their monthly tea earnings as well as bonuses.

This product has the following features:

• Based on check-off
• A signed undertaking from processor to channel tea proceeds is required
• Based on 50% of tea delivery or tea bonus.
  

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  Article by Juma Fred.