Africa village microfinance S.C
የፍላጎትዎ ድልድይ! Your Financial Bridge!
AVMF is currently providing loans, saving, micro-insurance and digital banking products to the public.
a) Major Loan Products
ü Women Entrepreneur loan
Entrepreneur Loan is a loan provided to women entrepreneurs for taking up business ventures, small business like home based catering, beauty salons, etc. Existing business ventures will also be eligible under the scheme for expansion, modernization and diversification.
ü SME loan or Micro Business loan
Business Loan is given to micro
enterprise operators that are engaged in production, service or commercial type
business activities that generate regular cash flow. Small Medium Enterprises
(SME) are business loans extended only to licensed enterprises. These loans are
tailor-made to suit the needs and requirements of SMEs and usually require
collateral.
ü Agri-Business Loan
These types of loans are requested by clients of Solidarity Group (SG) members engaged in agri-business. Who agree to secure either individual or joint guarantee to the loan. It is provided to clients engaged in agriculture related trading activities, Agri-processing, cattle fattening, irrigation activities.
ü Consumption Loan
A consumer loan is a credit type
offered to customers to aid them in financing only specific expenditures.
Consumer loans are mortgages, auto loans, education loans, refinance loans, home
equity loans, and personal loans.
ü Individual Business loan
Individual Lending is the process of providing loan to one client, thereby not requiring other group members to serve as guarantors, but rather to base loan eligibility on a client character assessment and cash flow analysis.
ü Solar or Energy loan
This solar loan product is provided for the purchase of solar panel system or devices or renewable energy sources for homeowners.
ü Water loan
Water loan is provided for the purchase
of water filters and water tankers. Water loan is also provided for the
construction, development, rehabilitation and maintenance of water sources
(Boreholes, hand dug wells, shallow wells, springs and rain water harvest
facilities). Water loan is also provided for cost associated with house hold
water connection. The Loan is provided for both individual and group
customers.
ü Asset Acquisition loan
It is provided for the acquisition
equipment, real estate, or working capital paid off. A small business often uses
the cash from a term loan to purchase fixed assets, such as equipment or a new
building for its production process.
ü Equipment Leasing Finance
It is a long-term legal agreement
that allows the company to use the equipment for business during the tenure of
the lease agreement. Under the equipment lease financing agreement, the
business owner must pay a monthly fee to the lender, who purchases or owns the
equipment.
ü Motor Vehicle purchase Loan
A Motor Vehicle Loan is a term loan granted for the purchase of new motor vehicles. The loan does not, however, include the cost of spare parts or luxury items.
ü Improved Cook stove Loan
It is a loan product that targets providing improved cook
stove devices for our clients.
ü Education Loan
Education loan is strictly designed for
the payment of educational related expenses only. It is aimed at Primary,
Secondary and University level. For the university/tertiary institution this
loan can be accessed by a client who is a working class with an income or
monthly salary.
ü Manufacturing
A machinery loan is a credit facility that helps borrower to buy, lease, repair or upgrade machinery.
ü Construction loan
A construction loan is a short-term loan provided to finance the building of a home or another real estate project. Construction loans are usually taken out by builders or a homebuyer custom-building their own home.
ü Asbeza Loan
It is a type of loan requested by borrower to enable the lender to make order from one supplier of supermarket at a time. Or it is the loan the company acts as an intermediary in the immediate delivery of the products from grocery shopping and home delivery.