What does FINCORP offer?
FINCORP provides general business and agricultural loans to new and existing entrepreneurs, as long as their loan applications meet our qualification criteria.
How do I qualify for financial assistance from FINCORP?
To qualify for a loan, you must submit a viable business proposal with a clear and/or secured market, a sound operational plan, and cash flow. Additionally, you should be of good character, capable of managing a business, and creditworthy.
Where do I get application forms for financial assistance?
Application forms are available at the following branches:
- Mbabane Branch: Intfutfuko Building, Corner of Gwamile and Dabede Streets.
- Siphofaneni Branch: Office #2 Nokuphila Complex.
- Tshaneni Branch: Shop #1 Inyoni Plaza Office Park.
Can I send my application online or through the post?
Currently, we do not recommend that applications be sent online or by post. Applications should be done in person at our offices for a one-on-one interview with a credit officer. We are considering expanding our services to enable online applications and will announce once it’s finalized.
How long does it take to approve a loan?
Once all necessary documents are submitted and the application form is completed, our turnaround time for loan application decisions is 3 to 4 weeks.
Do I need loan security or collateral to qualify for a loan?
Loan qualification depends highly on the financial viability and technical feasibility of your project. Partial security may be required depending on the nature and size of the loan amount.
How can I be assisted if my business does not have a clear or secured market and I do not have collateral?
p>
FINCORP participates in the Small-Scale Enterprise Loan Guarantee Scheme (SSLGS) via the Central Bank of Eswatini (CBE) Development Finance – Central Bank. This scheme supports SMEs who have viable business proposals but lack collateral, providing up to 95% for start-ups and 85% for existing businesses. Does FINCORP offer financial assistance for land acquisition?
Suppose I was in need of a personal loan, how can FINCORP assist?
FINCORP’s subsidiary, FIRST FINANCE COMPANY, provides general-purpose loans to gainfully employed Emaswati, whose employers have agreements with FINCORP/FIRST. SMEs who have a good credit record with FINCORP are also considered for personal loans under a loan product referred to as “Empowerment Loan Facility.”
Does FINCORP assist informal traders?
Yes, FINCORP offers Umtfombo Micro Loans, ranging from E500 to E10,000, targeted at uplifting and sustaining micro-enterprises and informal businesses such as hawkers and street vendors. This product is aimed at organized groups conducting similar types of businesses.
How can I contact FINCORP for further assistance?
You can visit any of our branches listed on our contact page or contact us through our website and listed customer service lines.
