We offer a wide range of loan products that are competitive and tailor made to suite the financial needs of micro, small and medium entrepreneurs.
Group Power Loan
Our Group Power loan provides finance for micro-entrepreneurs who have formed a community-based group of micro-entrepreneurs in their village or area. Kongalend group loan officers will help you form a group and explain what is involved. Group Power loans are designed to help your micro enterprise develop and grow. The loan must only be used for productive purposes, that is, for income generating activities and employment creation for both start-ups and existing businesses.
Lima Power Loan
Our Lima Power loan is designed to finance the acquisition of agricultural machinery and implements (inclusive of solar energy products), agricultural inputs, such as fertilisers, seeds, fuel and other working capital needs for land preparation, tillage, harvesting and marketing and transportation of crops, livestock trading and meat products. It is designed to support Income-generating agricultural activities and to finance the establishment and/or expansion of existing small-scale agri-businesses directed towards those practicing conservation agriculture methods.
Solar Power Loan
Our Solar Power loan provides finance to acquire renewable energy technologies, such as solar home systems, solar water pumps and solar water heaters.
This means that even if you don’t have access to grid electricity to power your daily life, you can light your home, keep food fresh in a solar-powered fridge, charge your cellphone, listen to the radio, watch television, explore the internet – and enjoy the difference this brings. If you are a farmer, a solar water pump will cost-effectively pump water to irrigate your crops and provide water for you and your family, your livestock and poultry.
People Power Loan
Our People Power loan provides finance for micro-entrepreneurs who are members of a community-based group of microentrepreneus in their village or area and are graduates from Kongalend’s Group Power loans. The loan must only be used for productive purposes, that is, for income generating activities and employment creation.