Access to Capital - Eswatini
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Access to capital by women entrepreneurs in Eswatini
Imbita Swaziland Women’s Trust is the only financial institution in Eswatini which has specific financial products and services designed for women. Imbita only caters for the low-income women. The Central Bank of Eswatini (CBE), working closely with the Ministry of Commerce, Industry and Trade, established the Small-Scale Enterprise Loan Guarantee Scheme for emaSwati entrepreneurs. It is designed to cover a shortage or lack of a collateral for credit for small-scale enterprises available at the participating banks. The amount does not exceed 95% of the start-up business and 85% for existing business. The guarantee remains in force until the credit is repaid in full. As a result, the local banks have SMEs portfolios.
The Central Bank of Eswatini runs a Small-Scale Guarantee Enterprise Loan Scheme to assist entrepreneurs. It is available from normal financial resources of the participating local financial institutions. The maximum credit does not exceed E500 000. The lending rate is staggered from Prime plus 2% to Prime plus 5% depending on the risk profile of applicant. The period of credit shall not exceed 10 years for a long-term loan and five years for a short term. |
Central Bank of Eswatini Umtsholi Building Mahlokohla Street Mbabane Tel: (+268) 408 2317 Email: info@centralbank.org.sz |
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Information details |
1 Small-Scale Industry |
2 Agriculture |
3 Commerce |
4 Tourism |
5 Construction |
6 Services |
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Eswatini International Trade Fair |
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CONTACT DETAILS INFORMATION |
Eswatini Development Finance Corporation (FINCORP) |
FINCORP is an equal opportunity financier. For the small sized micro loans, it does not require any collateral. For loans up E100 000, FINCORP requires partial collateral equivalent to 20% of the amount required. Customers, who want bigger loans and have a secured supply market, they only a deposit of 5% and no further collateral. Loans above E500 000 without a secured market require a collateral. |
FINCORP Mbabane Branch Ground Floor, FINCORP Building Cnr of Gwamile & Dabede Streets Tel: (+268) 24049272 Siphofaneni Branch Office #2, Nokuphila Complex Siphofaneni Tel: (+268) 2344 1992, 2344 1989/9 Tshaneni Branch Shop #1, Office Park, Inyoni Plaza Tel: (+268) 2323 2351/2/3/4 Email: info@fincorp.co.sz |
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Information details |
1. Business Loans |
2. Agricultural Loans |
3. Order Financing |
4. Commercial Property and Investment Loans |
5. Invoice Discounting |
6. Business Acquisition Loans |
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