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MFI Loan Application || Solicitud de Préstamo a una IMF

The MicroCredit Enterprises loan application procedure is simple and straightforward. MicroCredit Enterprises is currently accepting loan applications and encourages eligible microfinance institutions (MFIs) to apply. Eligibility criteria are posted at For Microfinance Institutions.

After completing the loan application in full, click on Submit Application, below. Following a review of the MFI Loan Application, the MFI may be asked to complete and submit a full MFI Loan Due Diligence Package.

Questions about the loan application process, the status of pending loan applications and all related matters should be addressed to: Kyle R. Salyer, Senior Vice President, Portfolio Management.

Required Information

Application Date:

Section One - Contact Information

MFI Name:

MFI Address:




MFI Website URL:

Contact Person:

Email Address:

 

Telephone:

Section Two - Loan Request

Requested Facility:

Direct Loan

Guarantee

Requested Loan/Guarantee Amount (USD):

Preferred Funding Date :

Section Three - Eligibility

An applying Microfinance Institution complies with the following eligibility criteria:

1. Applying MFI currently serves at least 5,000 borrowers or has a minimum $1,000,000 gross loss portolio.

Date MFI Founded:

Number of Active Borrowers:

Outstanding loan portfolio (USD):

Average Loan Size (USD):

Lending Methodologies (village banking, solidarity group, individual, etc.):



2. Portfolio-at-Risk (i.e., outstanding balance of all loans with payment(s) in arrears beyond 30 days) cannot exceed 10%:

Portfolio at Risk >30 Days:

3. Applying MFI agrees to provide independent audit reports covering at least the two most recent years.

Yes

No

4. Applying MFI is able to submit a business plan with three years of financial projections.

Yes

No

5. Applying MFI can provide a credit rating record or other similar external evaluation or recommendation.

Yes

No

6. Applying MFI is operationally self-sufficient or will demonstrate a clear plan to achieve operational self-sufficiency.

Yes

No

7. Applying MFI has posted a financial and operational profile at the MIX Market, the internet clearinghouse for standardized information about the financial strength and performance of MFIs.

Yes

No

8. Applying MFI can verify that the requested loan will not exceed thirty-five percent (35%) of the MFI's total outstanding loan portfolio.

Yes

No

Applying MFI certifies that the above information is true and correct to the best of its knowledge as of the date of this application.

Yes

No

Section Four - Apply to Cooperating Lenders

MicroCredit Enterprises will forward a completed MFI Loan Application to other lenders and funding sources. These Cooperating Lenders offer a variety of loan products, such as U.S. dollar loans, local currency loans and standby letters of credit. For each lender's loan criteria, specific geographic focus and lending terms, visit The Mix Market.

MicroCredit Enterprises forwards MFI loan applications as a courtesy and free-of-charge, but accepts no responsibility for other lenders' policies or response time. Applying MFIs should contact each Cooperating Lender directly about the status of the submitted loan application.

Please check the boxes for each Cooperating Lender who will then concurrently receive this loan application:

Developing World Markets
CreSud S.p.A.
Triple Jump B.V.
Kolibri Kapital ASA
Kiva

 

Note: Lenders to MFIs who actively collaborate with MicroCredit Enterprises and who serve MFIs with comparable financial and operational profiles are eligible for listing on this referral service. For more information, contact Kyle R. Salyer , Senior Vice President, Portfolio Management.
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