UCB Suchana
UCB Suchana is a term loan facility aimed at promoting self-employment by providing financial support to new ventures, fostering entrepreneurship, and bringing unbanked or first-time entrepreneurs into the formal banking system, with a strong focus on achieving zero unemployment.
Loan Features:
- Loan Limit: BDT 1.00 lac to BDT 5.00 Lac
- Facility Type: Term Loan (Monthly Installment)
- Loan Tenure: Max. 24 months
- Loan Purpose: To start business, working capital requirement, procurement of fixed asset, any other relevant business purposes.
- Interest Rate: Competitive Interest rate
- Collateral Requirement: Not required
Borrower's Eligibility:
Segment A:
- Skill Based entrepreneurs with minimum HSC level education (normal stream) along with having professional/vocational/technical training certificate/any other government training related to skill /business development including Diploma course from any polytechnic Institutions.
Segment B:
- Educated Unemployed Youths (at least Graduation completed) and ready to be an entrepreneur with potential business idea.
Segment C:
- A potential entrepreneur with work experience of minimum 02 years, who aspire to start his/her own business based on the work experience.
- Any other micro segmented entrepreneurs having informal business experiences of 02 years.
- Entrepreneurs having successful borrowing relationship (Young Entrepreneur loans/ micro - enterprise loans) with NGO/Micro finance organizations.
- Returnee migrant workers aspiring to start business based on his overseas experiences.
- Legal Form: Sole Proprietorship
- Business Age:
For new entrepreneur: Not required
For experienced entrepreneur: At least for 1 years in operation
- Owner's/Key Applicant's Age should be in between 21 to 45 years
