Funding for Business or Project Development
A SAVINGS- AND CREDITPLAN is designed to enable learners and students to access funding for enterprises and projects. Funds could be generated as a monthly installment or as targeted donations. The ultimate target is to create a guarantee for future approved loans.
If a learner or student have not yet committed to a specific project or enterprise, they could still register a Savings- and Credit Plan with the view to serve as a guarantee for future approved projects or enterprises.
Once a loan is redeemed the guarantee fund may be applied for other projects or phases of enterprise development. In order to approve more comprehensive loans, an applicant may extend his/her guarantee with the written permission of guarantees ceded from other members of the BURKEA Support Centre. Other people or organizations may be requested to invest in projects or enterprises. Agreements may be structured to allow participating organizations and people to share in profits.
The purpose of the Savings- and Credit Plan is to provide a secured guarantee for loans (this process is not limited by the National Credit Regulator). All funds must be administered to support the Main Purpose of the company: “Community upliftment and Development Support in all its facets and related activities”. Loans and Grants may according to this Main Purpose be approved for the following:
Study Loans
Training Courses
Funds for the development of professional Business Plans
Formal Registration of businesses and projects
Loans and Development Capital for projects and developing enterprises (including equipment and fixed assets)
To apply for a Savings and Credit Plan, please complete and submit the APPLICATION FORM.