A GLANCE AT THE LOANS WE OFFER

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 e.g Water/GPL/Mail to address
  • Tin certificate/number
  • Reference: Names, Address and Phone numbers of :
    • One Family Member
    • One Friend
    • Written Reference on form provided by IPED
  • Environmental Permits
  • Estimate of cost of purchases to be made with loan
  • Statutory Declaration of Land being used; form provided by IPED
  • Statements of amounts owing to; Producers, Banks, other Financial
    Institutions, Landlords, Suppliers, Family, and Friends
  • For Collateral provided:
    • Motor Vehicle Registration
    • Copies of Transport, Certificate of Title, Lease, etc.
    • Valuation on the form(s) provided by IPED
    • Description of Machinery and Equipment (including serial & model numbers, and value supported by receipts)

Loan Forms

  1.  IPED Reference Form »
  2. IPED Estimate of Purchase Form »
  3. IPED Valuation Form for Land & Building »
  4. IPED Valuation Form for Vehicle »
  5. Statutory Declaration for Land Cultivated »

 

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