JIT Capital Microfinance Bank
We view our microfinance business as important in promoting financial inclusion especially among the rural poor in Sierra Leone. JIT Capital Microfinance is helping low-income individuals to become successful entrepreneurs with emphasis to provide financial services with lower risk.
Our SME Development Scheme works with clients to build an individual investment strategy carefully considering their business model and understand how much exposure is appropriate to finance. The selected investments defines the amount of credit facility required to undertake the business.
Other loan facilities are also available to enable individuals, groups and small enterprises undertake mini projects or emergencies.
Contact us: jitmfb@jitcapitalsl.com
Loan Products
Business loan: used to finance short-term working capital and market day loans. It’s a quick one-time facility designed to offer urgent funds. The repayment period is between 1 to 60 Days. The loan size ranges between Le 5,000.00 to Le 20,000.00 (Apply Now)
Investment Loans: used to finance Medium Term Working Capital and include Investment loans. The repayment period range is from 12 Weeks (3 Months) to 32 Weeks (8 Months). The loan size ranges between Le 10,000.00 to Le 40,000.00 (Apply Now)
Projects Loan: used in financing development projects and medium term Micro leasing. The repayment period is between 3 to 12 Months. The loan size ranges between Le 25,000.00 and Le 50,000.00 (Apply Now)
Agricultural Loan: used in financing Farm input and Dairy improvements. The payment period is between 3 to 12 Months, with a grace period dependent on the crop cycle. The facility has an inbuilt insurance cover for both crop and livestock giving the farmer peace of mind. The loan size ranges between Le 10,000.00 and Le 30,000.00 (Apply Now)
Guaranty Factor: Upon request, the farmer (business) can be paid upfront for up to 80% of the value of the produce (supply) that has been delivered to a bulker (buyer), producer co-operative, exporter or processor. The buyer will release the payment to the farmer after 30 – 45 days through JIT Capital, which will recover the advance payment made to the farmer together with a premium of an agreed percentage of the amount advanced, and the residual balance is made available to the farmer (business).
(Apply Now)
Emergency Loan: it is designed to cater for emergency needs by helping to lighten the burden of unforeseen emergencies like hospitalization and School fees. The repayment period is within 26 to 52 Weeks or 3 to 12 months. The loan size ranges between Le 2,500.00 to Le 15,000.00 (Apply Now)
LPO Financing: upon verification of the LPO we can offer our clients up to a maximum of 70% of LPO’s value to help them meet their contractual obligations. The repayment period is within 3 Months. The loan size ranges between Le. 20,000.00 and Le 50,000.00
(Apply Now)
Salary Loan: Advance salary can be given on the approval of the client’s institution of work for a fixed interest and tenure normally within 6 to 8 months. Repayment is done by the client office directly to JIT Capital and on the earliest salary. (Apply Now)
