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Standard Bank Nari Anuprerona


Standard Bank NARI ANUPRERONA- WOMEN ENTREPRENEURS Investment

As an encouraging gesture, Standard Bank offers “Standard Bank Nari Anuprerona-Women Entrepreneurs’ Investment” with/without collateral to Sole Proprietorship/ Partnership/ Private Limited company (at least 51% shares to be hold) 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 hold) operated by women entrepreneur.
     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 and Maximum 60 months for Term Investment.
     Interest 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, 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 instrument (in any)