Equity Finance - Kenya Development Corporation

Equity Financing

Ordinary Equity

This facility provides an opportunity to KDC to invest in new or existing enterprises in the priority sectors by taking up shareholding.

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Redeemable Preference Capital

KDC supports eligible enterprises to raise financing by taking up redeemable preference share capital that will be repaid over a specified period of time.

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Existing Business

A formal application letter for a facility
Board Resolution to borrow or to invite KDC to acquire a stake in theCompany
Feasibility Study /Business plan including Financial projections for the duration of the facility
Copy of Certificate of Incorporation
Copy of Memorandum and Articles of Association
Copy of Company’s PIN and CR 12
Tax Compliance Certificate
Copy of latest Annual Return
Copy of ID and PIN of Directors
2 recent coloured passport photographs of Directors
Profiles of Shareholders / Directors and key Management
Bank Statements and / or Money Transfer Statements for the last 6 months
Audited Accounts for the last 3 years and Management Accounts for the current financial year
Copy of Bill of Quantities (BQs) / Quotations / Proforma Invoice
Proposed Security for the loan
Tenancy agreement long enough to cover the tenure of KDC’s facility, in respect of suitable rented property
Copies of relevant Government of Kenya Licences& Regulatory permits
Confirmation that lead promoters shallfinance at least 33% of the cost of the project

Start Up

A formal application letter for a facility
Board Resolution to borrow or to invite KDC to acquire a stake in the Company
Feasibility Study /Business plan including Financial projections for the duration of the facility
Copy of Certificate of Incorporation
Copy of Memorandum and Articles of Association
Copy of Company’s PIN and CR 12
Tax compliance for the company
Copy of ID and PIN of Directors
2 recent coloured passport photographs of Directors
Profiles of Shareholders/ Directors and key Management
Copy of Contractors Estimate / Bill of Quantities (BQs) / Quotations / Proforma Invoice
Proposed Security for the loan
Copies of relevant Government of Kenya Licences& Regulatory permits
Confirmation that lead promoters shall finance at least 33% of the cost of the project