Standard Islami Bank NARI ANUPRERONA - WOMEN ENTREPRENEURS' INVESTMENT
As an encouraging gesture, Standard Islami Bank offers “Standard Islami Bank Nari Anuprerona - Women Entrepreneurs’ Investment” with/without collateral to Sole Proprietorship/Partnership/Private Limited Company (at least 51% shares to be held) operated by women entrepreneurs to flourish their business.
Key Features
- Any justifiable business purpose for Sole Proprietorship/Partnership/Private Limited Company (at least 51% shares to be held) operated by women entrepreneurs.
- Facility Type: Continuous Investment/Term Investment.
- Investment Ceiling: Tk. 0.50 Lac to Tk. 50.00 Lac.
- Investment Tenure:
- Maximum 12 months with renewal option for Continuous Investment.
- Maximum 60 months for Term Investment.
- Profit Rate: 10.00% p.a.
Eligibility
- Age: At least 21 years.
- Any entrepreneur having the experience of successfully managing the business for at least two years may apply for the Investment.
Required Documents
- Valid trade license.
- Special license/permission (if applicable) for business operation.
- Notarized partnership deed/registered by Sub-Register Officer (in case of partnership).
- Memorandum and Articles of Association in case of Limited Company.
- Passport/National Voter ID/Ward Commissioner/UP Chairman certificate of the Proprietor/Partner/Directors.
- Photo of the Proprietor/Partners and Guarantors.
- Statement of all active bank Investments (if any).
- Last 12 months' bank statement of transactional account.
Security Arrangement
Primary Security
- Hypothecation of machineries, equipment, vehicles, and inventories.
- Personal guarantee of Proprietor/Partner/Directors and their spouse.
- 02 (two) 3rd-party Guarantors whose Net Worth must not be less than the proposed Investment amount/Investment limit.
Collateral
Not compulsory for credit facility up to Tk. 25.00 Lac.
- Registered mortgage of property/ownership of the space/possession right purchased in Bank's name.
- Lien of cash collateral (FDR) and other encashable financial instruments (if any).