Need Boresha Mifugo - Investment Financing from Kenya Development Corporation (KDC)
This is a long-term facility in form of Ordinary Equity Investment or preferential Equity to finance innovative enterprises with high potential for growth and social economic impact
Areas of Focus
Livestock value chain in sheep, goats, beef cattle and camels in 21 gazetted Arid and Semi-Arid (ASAL) Counties
Key Features
- Minimum amount of Kes 10 million
- Maximum investment of 40% of project value
- Maximum investment period of 120 months
- Terms and conditions apply
Application Requirements
Duly filled application form
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/Business profile (where applicable)
- Linkage to ASAL communities Social,
- Economic and Environmental impact
Copy of Certificate of Incorporation
Copy of Memorandum and Articles of Association/CR2
Copy of Company’s KRA PIN and CR12
Tax Compliance Certificate (existing company)
Copy of latest Annual Return (existing company)
Copy of ID and KRA PIN of Directors/Shareholders
2 recent colored passport photographs of Directors/Shareholders
Profiles of Shareholders/Directors and key Management
Bank Statements and/or Money Transfer Statements for the last 12 months (existing company)
Audited Accounts for the last 3 years and Management Accounts for the current financial year (existing company)
Copy of Bill of Quantities (BQs)/Quotations/Proforma Invoice (where applicable)
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 Licenses & Regulatory permits
Confirmation that lead promoters shall finance at least 25% for large businesses or 10% for women and youth enterprises of the cost of the project
