ElimuKonnect

• Private schools
• Public schools
• MSMEs - Education sector value chain

1. Schools can access:

• Mortgage/construction loans and infrastructure development
• Asset financing for school buses, vans, etc.
• WASH products (water tanks, borehole drilling, water connectivity, etc.)
• ICT digitization and equipment to purchase /install (Hardware and software)
• Green Energy -saving solutions and installations of energy (solar, LPG, Bio digestive)
• Working Capital Facilities
• LPO and LSO financing
• School Administration and Management Solutions i.e. Natshule and Mizizi.
• Leadership and capacity building.

2. Education sector MSMEs can access:

• LPO/LSO financing
• Working capital for Bookshops, publishers, laboratories and equipment dealers
• Uniform distributors and manufacturers

• School fees collection accounts
• Payments and transfers
• Short-term and long-term credit
• Insurance
• Financial management

• Flexible and innovative financing for schools
• Expansion of schools’ capacity and infrastructure to enable more learning
• Increase in access to education and learning for students
• Reduced costs for energy and water provision and use
• Access to innovative learning through technology
• Improved management and administration of schools
• Increased growth and profitability of schools and their value chain ecosystems
• Enhanced leadership capacity in schools and the education sector at large
• Increased income and profitability for the bank

1. For sole proprietors/individuals

• Duly filled and signed application form &Terms and conditions
• Copy of Business Registration Individual and company KRA Pin and relevant licenses

2. For limited liability companies

• Duly filled and signed application form &Terms and conditions
• A stamped copy of the certificate of incorporation
• A board resolution letter seeking the required facilities from National bank of Kenya
• Copy of latest CR12
• Copy of Utility Bill or Business Photo to confirm existence of the Business
• Copy of Identification Documents of all directors and persons opening the account
• Identification documents as per the bank policy

3. MSMEs

• Borrower’s profile
• Certificate of Incorporation
• Executed contracts with clients
• Profiles of customer management and other personnel
• Listing of projects already executed
• KYC documents for the borrower
• Collaterals as per the bank’s credit policy

• Bills of Quantities for the Pitch
• Regulatory licenses/Permit for the project
• National Construction Authority (NCA) approvals
• NEMA approval certificates
• Any other documents relating to the project

1. Cash flows
2. Legal charge on land/ property
3. Motor vehicles for Asset financing
4. Credit Enhancements from AGF/IFC
   • 1. 75% for women owned schools and 50% for other schools undertaking water, solar, biogas related activities.