GROW PROJECT
The Ministry of Gender Labor and Social Development (MGLSD) and the Private Sector Foundation Uganda (PSFU) with support from the World Bank (WB) are implementing the Generating Growth Opportunities and Productivity of Women Enterprises (GROW) project. GROW Financing Facility (GFF), these funds are to be disbursed through selected Financial Institutions (PFIs) which include Commercial Banks, Micro Finance Institutions and SACCOs as GROW LOANS.
Loan Requirements.
• The borrower must be a woman entrepreneur or a 51% majority woman-owned company.
• Financing will be for new loans only (not refinancing or Top-ups)
• Grace Periods: For projects that require grace periods, the financial institutions shall consider these on a case-by-case basis.

GROW BONUS: Beneficiaries who make loan payments in time get awarded a grant of up to 5% of the loan principal and up to 10% is applicable for the 3 selected groups below: (Terms & Conditions’s Apply).
i. Persons with Disabilities
ii. Selected Vulnerable Groups are the Batwa, Ik, Tepeth and Benet.
iii. Beneficiaries drawn from the poverty-stricken sub-regions of Karamoja and Busoga-Bukedi.

Participating bank in Nwoya: Post Bank

Detailed requirements for Unsecured facilities
GRBIZ (Loans under other non-agricultural sectors) and GRAGR (Loans under Agriculture sector)
• Unsecured – up to 5 million
• Unsecured facilities tenors not to exceed 8 months.
• Guarantors shall not have non-performing loans
• Personal guarantee of group executive members
• Borrowers eligible for the unsecured facility must belong to a registered group with evidence of group activity (regular meeting, saving, loan repayment)
• Evidence of income generating activity to repay loan.
• Business age – Not less than 24 months

Detailed requirements for Secured facilities
GRBIZ (Loans under other non-agricultural sectors) and GRAGR (Loans under Agriculture sector)
• Secured – Above 5million
• The maximum tenor for the secured loans shall not exceed 24 months subject to the purpose and cashflows of the borrower.
• Collateral with sufficient cover as guided by the Credit Policy.
• Personal guarantee of directors or individual entities as per credit recommendation.
• Evidence of income generating activity to repay loan.
• Business age – Not less than 24 months