GENERAL REQUIREMENT TO OBTAIN A CREDIT FACILITY
 A KCBL customer who has a desire to apply for a loan in the institution must fulfill the below requirements before writing application letter.
•    Must have at least 3months well serviced saving account according to his or her business operations.
•    Must have a continued/existing registered business/economic project.
•    Must have a collateral (registered immovable property /house with deed) to secure his/her loan.
•    Must have good history in other Financial Institutions.
•    Visit to his /her business site and collateral.

Coupled with the above requirements later the client will need to submit the  following documents:
•    Audited accounts of his business
•    Valid insurance for his/her collateral /property.
•    Land rent for his/her collateral
•    Fill the Spouse/Owner’s Consent form
•    Register his /her collateral in favor of  KCBL.

Without delay ,a client will get the loan as soon as possible after he/she completed the above requirements and documentation.


OVERDRAFT FACILITY.

It is a short term facility offered by KCBL for a period of one year to customers (Co-operatives, Individuals, Companies and other organizations) for the business at the maximum level of cash (overdraft limit) that allows current account holders to write cheques or make withdrawals.

Benefits of KCBL Overdrafts
•    Easy and quick to arrange.
•    It is cheap.
•    Flexibility to withdraw money at a time you need it.
•    It enables clients to conduct their business transactions smoothly.
•     Safe payments through cheques.

Conditions and Requirements for Overdraft Facility.
•    The customer must have a current account with KCBL.
•     Application letter.
•     Member/Board Resolution to borrow ( in case of groups, companies and co-operatives).
•    Audited financial Statements for the last/previous financial year.
•    Affordable security.
•    Existing Business

KCBL Overdrafts are provided to all economic sectors in Kilimanjaro region such as:
•    Agriculture sectors
•    Manufacturing
•    Trade
•    Transport and communication
•    Social (Education, Health)
•    Building and Construction
•    Tourism (Hotels, Restaurants)
•    Others

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