Botswana - Apply for Mabogo-Dinku Loan

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Procedure

Apply In-Person

1. The Citizen Entrepreneurial Development Agency (CEDA) was established by the Government of the Republic of Botswana provides subsidized funding (Mabogo-Dinku loan) for various micro-entrepreneurs to enable citizen participation in enterprise development needs e.g. working capital and small asset finance.
2. Interested applicants who need to assess Mabogo-Dinku Loan are required to collect and complete the following forms; CEDA Loan Application Form, CEDA Business Plan Form, and Checklist form for the required document. Copies of these forms are available at the inquiries desk at any of the CEDA offices across the country or download it via the CEDA website CEDA Application Forms Link or directly download it using these Loan Application Form Link, Business Plan Form Link
3. The applicant will be required to submit the certified copies of the relevant supporting documents as mentioned under the “Required Documents” section of this page, in addition to the duly completed application form in all respect to the CEDA office within the business jurisdiction. Any omission of these documents will render the registration process incomplete.
4. Alternative an applicant may prepare a separate business plan which should contain at least all of the information requested for in the CEDA business plan form and submitted together with a completed loan application form and the supporting documentation.
5. Upon receipt of the application file, the CEDA receptionist/secretary at the front desk will verify if all the necessary information and documentation has been provided and that the applications comply with the selection criteria before registering the application file for assessment and consideration by the CEDA department/unit responsible which is within 14 working days.
6. Applicants will be issued with an acknowledgment slip/reference number as proof of submission of the application.
7. The application will be processed as per the information and documentation provided, that is why applicants are advised to provide sufficient information to enable the CEDA to evaluate the business plan and make its decision.
8. The CEDA will only approve to finance the project/business if it’s satisfied that funding business will be viable, sustainable, and adding value to the economy.
9. Notice of the decision (Approval, Deferral, or Rejection) for the Loan will be communicated to the client in writing and sent via mail.
10. If the funding is approved, the applicant will be required to visit the CEDA office, where the application was lodged and produce a proof of identity document and the approval letter to be validated by the authorized official, the applicant/client will then be required to sign a contract with CEDA and the business plan will form part of the contract.
11. The Access of the loan by the applicant once approved, is normally subjected to pre-disbursement conditions as the CEDA deems fit, once all these conditions have been fulfilled, the loan can start disbursing in accordance with the implementation schedule agreed with the applicant (borrower).
    

Apply Online

1. Interested applicants may submit their application online via the CEDA website Link.
2. The application form will be displayed, fill out all mandatory fields accurately i.e. {Personal details/Corporate Details (If the applicant is a company)/Financial Details}, upload all the supporting documentation as listed on the site, and click on the “Submit” tab.
3. Alternative an applicant may prepare a separate business plan which should contain at least all of the information requested for in the CEDA business plan form and submitted together with a completed loan application form and the supporting documentation.
4. Upon receipt of the application file, the CEDA receptionist/secretary at the front desk will verify if all the necessary information and documentation has been provided and that the applications comply with the selection criteria before registering the application file for assessment and consideration by the CEDA department/unit responsible which is within 14 working days.
5. The CEDA will send the applicant an acknowledgment mail with the Reference number as proof of submission of the application.
6. The application will be processed as per the information and documentation provided, that is why applicants are advised to provide sufficient information to enable the CEDA to evaluate the business plan and make its decision.
7. The CEDA will only approve to finance the project/business, if it’s satisfied that funding the business, will be viable, sustainable, and adding value to the economy.
8. Notice of the decision (Approval, Deferral, or Rejection) for the Loan will be communicated to the client in writing and sent via mail.
9. If the funding is approved, the applicant will be required to visit the CEDA office, where the application was lodged and produce a proof of identity document and the approval letter to be validated by the authorized official, the applicant/client will then be required to sign a contract with CEDA and the business plan will form part of the contract.
10. The Access of the loan by the applicant once approved, is normally subjected to pre-disbursement conditions as the CEDA deems fit, once all these conditions have been fulfilled, the loan can start disbursing in accordance with the implementation schedule agreed with the applicant (borrower).
    

Appeals to the Chief Executive Officer
Any person who is aggrieved by the refusal of the department concern to grant the loan may appeal in writing against the refusal to the Chief Executive Officer. When one appeals, they must give reasons for not agreeing with the decision and any other information why their application should be re-considered. CEDA appeal process Link

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Required Documents

• Certified copy of Omang (partners/directors/members].
• Certificate of Incorporation or Registration.
• Memorandum and Article of Association/Partnership Agreement.
• Resolution by Shareholders/Board Members to apply for a loan where the applicant is a company.
• Form 2 (List of Directors).
• Form 4 (Allotment of Shares).
• Bank statement for operating businesses.
• Audited financial statements for companies that have been operating for more than 2 years.
• Valuation report of immovable property offered as security against the proposed loan.
• Title deed for property used as security.
• Livestock brand certificate.
• Borehole drilling completion certificate, water right certificate, proof of ownership
• Relevant quotations.
• Copy of necessary licenses, such as a trading license.
• Copy of rental/lease agreement.
• Copy of franchise/trade agreement.
• A personal balance sheet of individuals and partners. Where the applicant is a private company, the personal balance sheets of directors.
• Curriculum Vitae of individuals/partners/directors.
• Professional and academic certificates.
• Any other additional document requested by the CEDA.
  

Office Locations & Contacts

Citizen Entrepreneurial Development Agency (CEDA)
Headquarter Office
Gaborone Branch
Address: CEDA House, Prime Plaza Matante Road & Khama Crescent Extension CBD
Gaborone,
Botswana
Private Bag 00504, Gaborone
Tel: (+267) 3170895
Fax: (+267) 3170896

Molepolole Branch
Address: Plot 470 Main Road, Borakanelo Ward
Molepolole,
Botswana
P O Box 3271 Molepolole
Tel: (+267) 5920000
Fax: (+267) 5915318

Kanye Branch
Address: Plot 1264, Maswabi Complex, Sebonego Ward
Kanye,
Botswana
Private Bag 16 Kanye
Tel: (+267) 5440324
Fax: (+267) 5441109

Palapye Branch
Address: Plot 8717, Unit17, Riverview Mall along A1
Palapye,
Botswana
Private Bag 24
Tel: (+267) 4920279
Fax: (+267) 4920235

Francistown Branch
Address: Plot 323676, Unit 6, 7, 8 Donga, along Marang Road
Francistown,
Botswana
P O Box 1845 Francistown
Tel: (+267) 2412775
Fax: (+267) 2416045

Selibe Phikwe Branch
Address: Plot 6575 Khama Road, Private Bag 190 S/Phikwe
Selibe Phikwe,
Botswana
Tel: (+267) 2622377
Fax: (+267) 2622374

Maun Branch
Address: Plot 730 Tsheko Road, Mall Extension
Maun,
Botswana.
Private Bag 393 Maun
Tel: (+267) 6864169
Fax: (+267) 6864858

Hukuntsi Branch
Address: Plot 158, Unit 7, Macheng Mall
Hukuntsi,
Botswana
Private Bag 16 Kanye
Tel: (+267) 6510170
Fax: (+267) 6510185

Ghanzi Branch
Address: Chelford Complex, Plot 1299 Henry Jackie Road
Ghanzi,
Botswana.
P O Box 792 Ghanzi
Tel: (+267) 6597331
Fax: (+267) 6597595

Kasane Branch
Address: Plot 5085, Rural Admin Centre
Kasane,
Botswana
P O Box 63 Kasane
Tel: (+267) 6250183
Fax: (+267) 6250185

Letlhakane Branch
Address: Plot 10297, Mokgobelele Ward
Letlhakane,
Botswana
Private Bag 55 Letlhakane
Tel: (+267) 2976234
Fax: (+267) 2976523

• CEDA Branch Offices contact/address location details
  
• CEDA website
  

Eligibility

Applicants should meet the following criteria to be eligible for funding:

• Citizens must be aged 18 years and above.
• Individuals operating legal income-generating activities.
• Must be in a group of 5-15 members.
• Owner-managed businesses.
• Willing to co-guarantee one another in a group.
• Willing to meet as a group weekly/fortnightly/monthly.
• Business proposals that are financially viable in the long term.
• Training & Mentoring is a pre-requisite for funding.
  

The Mabogo-Dinku Loan (funds) can be used towards:

• Business running expenses like stock, rentals, etc.
• Acquisition of micro-business assets like equipment, tools, etc.
  

Fees

No fee associate with the service.

Validity

The loan will be payable in 3-12 months.

Documents to Use

• Loan Application Form
  
• Business Plan Form
  

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

The turn-around time for CEDA to give feedback on the loan application is 14 days.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since january 1908.

Required Information

PERSONAL DETAILS

• Full names
• Contact details
• Project Description
• Training and Experience
• How much are you applying for
  

CORPORATE DETAILS (IF A COMPANY)

• Name of Company
• Date of Incorporation
• Nature of Business
• Shareholders details
• Two Reference details
• Commercial Bankers details
• Accountants/Auditors details
• Alternative Contact Details (Next of kin not living with you)s
• Declaration by the applicant
  

BUSINESS PLAN

• How long have you / company been trading for?
• Project Capital Costs details
• Financing Plan details
• Ownership and Management details
• Owners Personal Balance Sheet details
• Project Location
• Production Process
• Target Market/ Market Size/ Competitors details
• Market share your project intends to archive
• Distribution channels
• Supply Channels
  

Need for the Document

Mabogo-Dinku loan offers micro-enterprises an opportunity and enables citizen participation in enterprise development. Mabogo-Dinku loan provides micro-enterprises with funds for their needs e.g. working capital and small asset finance.

Information which might help

CEDA 2020 Guidelines

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

• CEDA
  
• Go Botswana
  

Others

More information which might help people.