How does a Microcredit application work

How does a Microcredit application work

A credit application goes through 3 phases. Each step must be successfully completed to go to the next step. In the video and slider below we explain the 3 phases:

Watch the video here!

View the 3 steps

1. The application

After filling out the application form, we ask you to upload several documents. The documents to be sent depend on the fact whether you are a starter or an existing entrepreneur. View the different checklists.

2. Appointment with business advisor

When we have a clear idea of your enterprise and your application is complete, then your application will be forwarded to a business advisor. The advisor will assess your application and the feasibility of the plan as well.

The business advisor will contact you within five working days to schedule an appointment. The extensive interview will take place at your home or in your place of business.

Read more on the interview with the business advisor.

3. Provision of Loan

Upon approval we shall start working on drafting the loan agreement. First you will receive from us a financing proposal. It contains all the agreements made on the loan. If this agreement has been approved, you will then receive the quote and loan agreement.

Depending on your bank, the amount of the loan shall be deposited into your business account within minimum one and to the latest five working days.

Read more on the provision of your loan.

How does a Microcredit application work