Loans
IPED Offers various types of loans created to finance very small to medium size business owners who might not have access to formal banking systems in our country.
General Loan Requirements
- Proof of Identity: ID Cards or Passport
- Proof of Address: Updated Utility Bills-Rates and Taxes, Water & GPL/ Mail to address
- Tin certificate/ number
- Reference: Names, Address and Phone numbers of :
- 1. One Family Member
- 2. One Friend
- 3. Written Reference on form provided by IPED
- Estimate of cost of purchases to be made with loan
- Quotation, Invoices, Official Orders
Loan Forms
Loan Forms
Poultry
Loan
Loan Amount: Up to $35 Million
Purpose: To purchase baby chicks, ducklings, feed and medication. To purchase equipment and machinery
Collateral: Loans less than $2 Mln: bill of sale on motor vehicles and equipment. Loans $2 Mln and above: mortgage on property and/or bill of sale
Vending
Loan
Loan Amount: Up to $500,000
Purpose: Catered specifically for Businesses in Municipal Markets. To purchase stock, inputs, juvenile, livestock, feed, and other business expenses. To purchase equipment and machinery
Collateral: No Physical Collateral
Crop
Loan
Loan Amount: Up to $35 Million
Purpose: To purchase seeds, seedlings, planting materials, fertilizer and chemicals. To purchase or pay for drainage and irrigation, empoldering, water pumps, and machineries.
Collateral: Loans less than $2Million: Bill of Sale on Motor Vehicles and equipment. Loans $2Million and above: Mortgage on property and/or Bill of sale on Motor Vehicles and equipment
Livestock
Loan
Loan Amount: Up to $35 Million
Purpose: To purchase baby animals, feed and medication. To purchase equipment and machinery.
Collateral: Loans less than $2 Mln: Bill of Sale on motor vehicles and equipment. Loans $2 Mln and above: Mortgage on property and/or Bill of Sale on motor vehicles and equipment
Micro
Boost
Loan Amount: Up to $200,000
Purpose: To purchase stock, inputs, juvenile, livestock, feed, and other business expenses. To purchase equipment and machinery
Collateral: No Physical Collateral
Micro
Loan
Loan Amount: Up to $750,000
Purpose: To purchase stock, inputs, juvenile, livestock, feed, and other business expenses . To purchase equipment and machinery
Collateral: No Physical Collateral
Small &
Medium
Loan Amount: Up to $35 Million
Purpose: To purchase stock, raw materials, and other inputs. To purchase equipment, machinery, and vehicles
Collateral: Loans less than $2Mln: Bill of Sale on motor vehicles and equipment
Loans $2Mln and above Mortgage on property and/or Bill of Sale on motor vehicles and equipment
Youth
Loan
Specifically for entrepreneurs between the ages of 18-35 year old
Loan Amount: Up to $1.5 Million
Purpose: (Start-up or expansion) To purchase stock, raw materials, and other inputs. To purchase equipment, machinery, and vehicles
Collateral: No Collateral
Creative
Industries
Loan Amount: Up to $35 Million
Purpose:
Collateral: May require collateral over specific amounts.
Fishing
Loan Amount: Up to $35 Million
Purpose: To purchase stock, raw materials, and other inputs. To purchase equipment, machinery and business vehicle
Collateral: Loans less than $2Mln: Bill of Sale on Motor Vehicles and Equipment
Loans $2Mln and above: Mortgage on property and/or Bill of Sale on Motor Vehicles and Equipment
Logging
Loan Amount: Up to $35 Million
Purpose: To purchase stock, raw materials, and other inputs. To purchase equipment, machinery and business vehicle
Collateral: Loans less than $2Mln: Bill of Sale on Motor Vehicles and Equipment
Loans $2Mln and above: Mortgage on property and/or Bill of Sale on Motor Vehicles and Equipment
Transportation
Loan Amount: Up to $35 Million
Purpose: To purchase repairs of vehicles. To purchase vehicles used for transportation of people or goods.
Collateral: Loans less than $2Mln: Bill of Sale on Motor Vehicles and Equipment
Loans $2Mln and above: Mortgage on property and/or Bill of Sale on Motor Vehicles and Equipment