Loan Product
SME Loan
SME Loan empowers small and medium businesses
At Victory Microfinance Institution (Victory MFI), we believe small and medium enterprises are the backbone of the economy. Our SME Loan is designed to give your business the financial strength it needs to grow, compete, and succeed. Whether you need to purchase new equipment, expand your shop, restock inventory, upgrade technology, or finance a large supply order, the SME Loan offers you quick, flexible, and affordable funding. We understand that SMEs operate in dynamic markets, so we’ve structured our loans with repayment terms that match your cash flow—helping you focus on running your business, not worrying about repayments
The initial loan starts with the value of your business; after repayment of the initial loan, the loan is increased in subsequent loan cycles. This is a continuous process until the client decides to end the services.
Basic Requirement
- Valid Means of Identification – National ID, Voter’s Card, Driver’s License, or International Passport.
- Business Registration Document – CAC certificate or proof of formal registration.
- Proof of Business Address – Utility bill, tenancy agreement, or location verification.
- Passport Photograph.
- Guarantor(s) – At least one credible guarantor with verifiable means of income and identification.
- Membership/Client Registration – Must be a registered client of Victory Empowerment Centre.
- Loan Application Form – Properly filled and signed.
- Financial Records – Recent bank statements, sales records, or stock records (last 6–12 months)
