Somporko

Product
Summary

LankaBangla Finance opens the door for young, dynamic & innovative entrepreneurs by introducing the product Somporko. SOMPOKO is a loan facility for Start Up businessman/member of I am CMSME of Bangladesh who is involved in Cottage, Micro & small enterprises (defined as per Bangladesh Bank Prudential Regulations) such as trading, manufacturing, service, agriculture, non-farm rural activities, agro-based industries, and many other acceptable sectors spread all over Bangladesh.

Product
Features

• Facility Type : Term Loan
• Loan Amount: From 0.3 million to BDT 2.5 million
• Loan Term : Up to BDT 1.5 million 36 months & above BDT 1.5 million 48 months
• Security: From BDT 0.3 million to BDT 1.5 million no collateral is required but above BDT 1.5 million collateral is required
• Equity: The new entrepreneur ought to bear at least 20% of the proposed project cost
• Qualification: The entrepreneur should present a certificate of successfully completing entrepreneurship training from any institution(s)accredited by BB
• Grace Period: 3 months for manufacturing concern.

What are the
Eligibilities

• Business experience : Minimum 1 month
• Age : Minimum 18 years & maximum 45 years

Required
Documents

• Copy of updated Trade License
• Photographs of Applicant and guarantor(s)
• Valid NID/Passport/Driving License of Applicant and Guarantor(s) Trade License ,E-TIN
• Copy of Training certificate about Entrepreneurship
• Copy of Utility bill
• Rental deed copy

Apply
Online