FEATURES

• Customized collaterals and security requirements to meet the unique needs of WSPs, corporates, and MSMEs in the WASH sector.
• Flexible repayment period for up to 10 years, particularly for infrastructure projects, providing ample time for repayment.
• Technical assistance provided to support loan development and implementation, ensuring smooth execution of WASH projects.
• Subsidized loan costs aimed at making financing more accessible and affordable for WSPs, corporates, and MSMEs in the WASH sector.

REQUIREMENTS

• Customized collaterals and security requirements to meet the unique needs of WSPs, corporates, and MSMEs in the WASH sector.
• Flexible repayment period for up to 10 years, particularly for infrastructure projects, providing ample time for repayment.
• Technical assistance provided to support loan development and implementation, ensuring smooth execution of WASH projects.
• Subsidized loan costs aimed at making financing more accessible and affordable for WSPs, corporates, and MSMEs in the WASH sector.

• MSMEs
• Water works contractors
• Water vendors and refillers (e.g., water kiosks)
• Water bowsers
• Borehole service providers
• General traders and suppliers of water-related equipment and wares
• Water Service Providers (WSPs)
  • Private water services providers
  • Public water services providers
  • Community/group water projects
• Energy for water providers (e.g., solar, biogas, etc.)

1. Borehole Drilling Financing for MSMEs:

• This facility facilitates a tenure of up to 48 months, specifically designed to assist WASH enterprises in expanding their businesses. Eligible entities can access up to Kshs 5 million with insurance cover on purchased assets.

2. Borehole Drilling Term Loan:

• This facility facilitates a tenure of up to 10 years with agreed amounts per project cost. The target group for this product includes small and medium public/private/community Water Service Providers (WSPs) and select corporate-sized WASH entities

Loan Process for Borehole Drilling Financing:

1. Application

• Customer engages Relationship Manager (RM).
• Customer prepares all required documentation as per StanLink Financial Solutions' policy.
• Customer submits the application and documents to RM.

2. Credit Appraisal:

• StanLink Financial Solutions undertakes due diligence and risk analysis.
• Assess the security provided.
• Credit approval process begins.
• If all requirements are met, StanLink facilitates a loan offer.
• Customer accepts the loan offer, and the loan is processed.
• Credit administration and disbursement of funds take place.

3. Loan Perfection & Disbursements:
Application Documentation

• Copy of Business Registration (Certificate of Incorporation).
• Copy of Memorandum and Articles of Association.
• Copy of Service Provision Agreement (License to provide water and sanitation services).
• Audited accounts for the last 3 years (For amounts above KES 3 million).
• Copies of identification documents for Directors.
• Copy of KRA PIN Certificate Company and Directors.
• Latest Management Accounts.
• Aged list of debtors and creditors.

For WSP

• Board resolution for specific engagement with Our Partnering Banks.
• Letter of No Objection from the respective County Government.
• Recommendation from the Water Services Regulatory Board (WASREB).
• Abstraction License from the Water Resources Authority (WRA).
• Recommendation Letter from Any Guarantor or Development Partner on special arrangement.
• Collection and Revenue Account to be domiciled at Our Partnering Banks.
• Undertaking by WSP to consolidate banking with Our Partnering Banks for the entire term of the loan.
• Escrow Account at Our Partnering Banks for loan repayments.
• Statement report on Outstanding Debts, including Legacy Debts (from municipality) and Development Partners.

4. Monitoring:

• This activity involves project monitoring and Environmental, Social, and Governance (ESG) assessment.
• Financial review based on initial project costs.
• Review of proposed disbursement agreements.
• Review of Governance Structures and Service Level Agreements (SLAs) of Customers and suppliers.