On Line Loan Access    

If you are planning to start a new business we encourage you to look very hard for the very lowest possible start up cost. 

Keep in mind that any money borrowed has to be repaid with interest and the interest has to come from your hard earned profits

Following are the Terms and Conditions for accessing our on line loan fund:  

Terms   Loans would be for a maximum of 3 years with 7% interest (3% for AFT administration and 4% for loan funders) with annual repayments starting at the end of year one. The range of microcredit loan would be from US$500 to $4,000 per project.

Conditions  

1. Personal background of applicant/s with photographs.

 2  A Business Plan – to an established appropriate format. To view Business Plans click here (pdf)

 3. Letter of endorsement from an English speaking international mission or Christian charity worker, a church or community leader, a solicitor/notary, or from the  bank which would receive the money  

 4.The applicants or their Christian sponsor must have easy access to email and the internet and must be able to communicate adequately in English  

5. A commitment to provide regular quarterly progress reports against agreed start-up plan  

6. A commitment to applying our Aid for Trade guidelines for high integrity and a quadruple ‘bottom line’ (Profit, care for the environment, social concern and spiritual awareness development)  

7. Commitment to complete an agreed on line appropriate training module/s on our website (www.aidfortrade.org.uk)  

8. The business will be prepared to function as an open model for others to replicate – possibly via an Aid for Trade Micro franchise scheme – for which pictures and detailed operational information will be required  

9. The loan may not be for more than 80% of total money needed to start the business and the source of other funding must be confirmed  

10. A formal loan agreement will be signed by both parties.  

Procedure

1. Advise Aid for Trade of interest to apply for loan support and confirm that you have read the terms and conditions.  Outline the business you plan to start and who you will sell the goods or services to.  

2. AFT will confirm that the project is acceptable  

3. You will then need to prepare a business plan using the format on the website and detail the other information required – submitting to Aid for Trade via email. If you have and queries do please contact us