At Rockhill Microfinance Limited, our main service that we offer are loans of different types that we give to hundreds of our clients who have benefited. 

Boda Boda Loans: Maximum loan amount depends on the price of the boda.

Requirements

  • Must be Boda boda rider with stage.
  • Valid National ID.
  • Collateral security is motorcycle log book
  • Period 1-24 months
  • Repayment mode is weekly
  • Interest rate is 3% per month flat rate.
  • Stage chairman to guarantee.
  • Home visits required.
  • Method of payment, cash, or mobile money
  • Initial deposit minimum should be 2,000,000
  • Tracking device

Business Loans: Must be in operation for not less than 2 years.

Requirements

  • Valid National ID.
  • Business records important
  • 2 Guarantors one being a permanent resident.
  • Loan size between 500,000-50,000,000.
  • Period 1 to 24 months.
  • Repayment mode weekly, bi-weekly, and monthly
  • Interest rate is 3% Per month
  • Collateral security is Land sales agreement, land title, car log book or motorcycle log book.
  • Loan period 3 to 18 months
  • Loan guarantee fund

Land sales agreement 1m-5m 10%, 5m-10m 5%

Asset Financing: Target market; Purchase of house hold property and business Assets

Eligibility: One should have a business or should be earning salary

  • Loans officer should witness purchase
  • Amount 500,000 – 50,000,000.
  • Period 3 months to 18 months
  • Repayment mode, weekly, bi-weekly, monthly
  • Interest rate is 3% per month
  • Collateral security is the asset bought and documents should remain at office premises.
  • Owner’s contribution is 30% on the property bought.
  • Coverage should be within Luwero.

Women Empowerment Loans: This target market is economically active women with small working capital eg Saloon, bars, retail shops, clothes selling, shoe selling, boutiques etc.

Requirements

  • Loan amount between 300,000-2,000,000.
  • Coverage should be with in Luwero
  • Interest rate 4% per month
  • Period 4- 8months.
  • Repayment mode strictly weekly
  • Guarantor ship (2) one of the members should be a member and a permanent resident and spouse consent.
  • Collateral security is household chattels
  • LGF 10% of the amount applied for.

Emergency Loans: In this we give an amount 500,000 to 5,000,000.

Requirements:

  • Security strictly parking a car.
  • Those with chattels, they should be kept at company store.
  • Search of the log book cost is for the client.
  • Interest rate 12%.
  • Condition of the securities pledged should be considered.
  • Carry out an on-desk appraisal for its important.
  • Processing time is 3 hours.
  • Processing charges 80,000 for 1m to 5m, 150,000 for 5m and above
  • Search fees for the log book 50,000
  • Loan period is strictly 1 month.

School Fees Loans: Need to have school bank slips or proof for fees payment

Requirements:

  • Loan period 4 months
  • Interest rate 2.5%
  • Payment mode weekly, bi-weekly, or monthly
  • Collateral security land sales agreement, land title, log book or chattels

OUR CHARGES

  • Loan processing fees
  • 10m and below 6%
  • 11m -20m 5%
  • 21m and above 4%

OUR INTEREST RATES

  • Women development loan 4%
  • Rest of the products are at 3%

Loan application 10,000

Appraisal             30,000

Title search          100,000

Account opening 20,000

Loan guarantee fund

Land sales agreement 1m -5m 10%

-5m-10m 5%

Household/business chattels    20%