Are you a small business in a developing country that could benefit from an affordable loan? Then we want to hear from you!
Take our Small Business Survey to tell us about your financing needs – responses are entirely anonymous.
Investors Without Borders’ goal is to launch our services in Ghana, West Africa by early 2009. We are actively exploring where IWB should go next, so please let us know about the opportunities and needs in YOUR country! Register for updates, contribute to the blog, take the survey, and tell your colleagues.
Borrower Eligibility Checklist
Determine if you meet the basic criterion for applying for a loan through Investors Without Borders
- Are you a registered organization in Ghana?
- Have you been operational for 2+ years?
- Do you have documents to prove operations, such as tax documents, audited financial statements, bank statements?
- Are you a member of any business associations, business development organizations, or professional associations within Ghana, regionally, or globally?
- If not, are you willing to work with one of IWB’s partner organizations in Ghana?
- Do you employ at least 3 individuals?
- Do you have financial statements for 2+ years (audited/unaudited)?
- If not, do you have 12 months bank statements and other financial documentation (sales reports, sales book, sales receipts, customer invoices)
- Do you need a loan in the approximate range of $25,000-250,000 USD?
Borrower Application Process (Currently we are accepting Focus Group members, but are not processing loan requests. Register and we will alert you as soon as we begin accepting applications for loans)
1. Register with Investors Without Borders – Tools and application materials will be sent via email
2. Explore your options – loan purpose tool, repayment calculator
3. Submit pre-approval application
4. IWB Screening Process (application fee, 10-30 days)
a. Complete Loan Application
b. Submit required documents
c. IWB interview & site visit
d. Informal financial audit
e. Follow-up questions/request for information
f. Video of business for web profile
5. Loan request posted online – Your business and IWB complete company profile
6. The auction begins – Watch as people bid to fund your loan request! (15-30 days)
7. Loan request is fully funded – Receive funds & Confirmation of Repayment Schedule
8. Maintain bank balance - Necessary balance at IWB partner bank for auto-repay withdrawals.
9. Updates & Contact – Minimum quarterly contact with IWB to track impact and update lenders
March 30, 2008 at 9:30 pm |
Hi, one of the biggest needs in emerging markets like East Africa, is access to affordable finance in the region of 10,000 US$ to 100,000 US$ which are not met by microfinance neither by the commercial banks. And yet there are great local opportunities for short and medium term investment, like currently we have the largest East African IPO (Safaricom) discounted at 16% for local investors.
What is needed to fight poverty is not hand-outs, it is empowering our economies with the capital we need to do what it takes to make poverty history
We are launching a Fund for socially conscious investors who are serious about making poverty history by providing capital to low risk investments in East Africa. Not only will they get their money back with interest, part of the proceed of the fund goes directly into providing training for young entrepreneurs, and to setting up incubation centres for start-ups.
I would love to work with you in establishing sustainable wealth creation on the African continent.
Joe Okia
King Solomon Investments
Uganda
April 1, 2009 at 8:51 pm |
PLEASE PUT ME ON YOUR MAILING LIST FOR ANY UPDATES YOU MIGHT HAVE CONCERNING LOAN REQUESTS, ESPECIALLY FOR THE SENEGAL MARKET. I AM AN IMMIGRANT FROM SENEGAL WITH RESIDENCE IN NEW YORK AND I LOOK VERY MUCH FORWARD TO INVESTING IN MY COUNTRY IN AGRICULTURE AND IN REAL ESTATE.