As part of our commitment to close the $42bn gender finance gap in Africa, HerVest is excited to announce the new HerVest loan product for Women-led Small and Medium Sized Enterprises (WSMEs).
For over three years, we have focused on providing credit to women smallholder farmers, giving them the necessary capital to scale their agribusinesses. Hinging on the evidential success and data trends, we are now extending our loan facilities to women and businesses.
Our mission is to equip women with the necessary financial tools and services to build personal wealth and independence.
In this article, we will explore the benefits of HerVest Loans, a step-by-step guide on loan requests and how you can utilise this product to accelerate your business growth.
WHAT IS HERVEST LOAN:
HerVest Loan is designed to provide individuals and businesses with the necessary funds to meet their working capital requirements and financial goals. This lending facility can be customized to suit individual or business’s specific needs, making it a flexible and tailored financing solution.
To request a loan for your personal or business needs, please use the application portal HERE.
BENEFITS OF USING HERVEST LOANS
- Fast and Easy Application Process: Applying for a loan can be a time-consuming and cumbersome process. However, HerVest Loans have been designed to simplify and expedite the application process. We understand the importance of swift access to capital for business growth. With HerVest, you can expect a streamlined application process that ensures you receive the funds you need on time.
- Zero Stress and Limited Documentation: We recognize that running a business is already demanding, and the last thing you need is additional stress when seeking financial support. HerVest Loans aims to alleviate this burden by minimizing the documentation requirements. We have streamlined the process to make it as hassle-free as possible, allowing you to focus on what matters – growing your business.
- Flexible Repayment Terms: At HerVest, we understand that every business is unique, and one size does not fit all when it comes to repayment. That’s why we offer flexible repayment terms tailored to suit your business needs. Whether you prefer monthly, quarterly, or annual instalments, we have options to accommodate your cash flow. Our goal is to provide you with a repayment plan that allows you to maintain financial stability while growing your business.
- Long-Term Business Loans: Building a successful business requires long-term planning and investment. HerVest Loans offer long-term financing options to support your growth objectives. Whether you need funds for expansion, equipment purchase, or working capital, we are here to provide you with the financial resources to fuel your business’s journey towards success.
How to Request a Loan:
The HerVest Loan is divided into two categories: Personal and Business Loans. Personal is for salary earners while Business is for SMEs within the categories of individual and corporate
For Personal loans-
- Customers are to provide BVN, their personal information, employment details and Next of Kin.
- Documents include – NIN number, utility bill, passport photograph and Government ID, bank statement of 6 months.
For Business Loans–
- Simply visit our loan application portal at https://loan.hervest.ng.
- Customers are to provide their Bank Verification Number, their personal information, business details and Guarantor details.
- The documents required include – your NIN number, utility bill, passport photograph, Government ID, bank statement of 6 months and your CAC document.
- Once the application has been submitted, you will receive an application ID via email which can be used to track the status of your application.
- Next, your application will be expedited for review and If approved for a loan- you will be informed via email, and the next steps will be provided.
- Our user-friendly interface will guide you through the application process, ensuring a seamless experience.
Should you have any questions or need assistance, our in-app support channel on the HerVest app is readily available. Alternatively, you can reach out to us via email at Care@hervest.ng or call us directly on 07085249036.
We are also active on social media, so feel free to send us a DM across our social media pages @hervestng.
Conclusion:
Women own over 35% of SMEs in Nigeria. We believe that by supporting this dominant force, we can drive economic growth, create employment opportunities, and foster financial independence.
With our easy application process, limited documentation requirements, flexible repayment terms, and long-term financing options, HerVest Loans is the catalyst for your business goals.
Don’t let financial constraints hold you back – unlock the power of HerVest Loans and take your business to new heights.