Our Products

Over the years VIRL developed a number of loan products that are delivered through the Community Banking Methodology for micro enterprises and the Individual Lending Methodology to SMEs.

The Market Segments that are serviced:

Segment Loan Sizes Lending Methodology
Micro Enterprises Up to $1,000 Community Banking (Group Lending)
Small Businesses From $1,001 to $5,000 Individual Lending

Loan Products

  • DURA – This is the Agricultural loan including Inputs Loans and targeting small holder farmers
  • PFIMBI – This is the Life Enhancement loan to cover short term needs such as medical expenses, education, emergency loans, household needs.
  • RUGARE – This is the Asset Finance loan with a particular focus on alternative or renewable energy
  • BOOSTA – This is the Working Capital loan targeting all other business/commercial activities in the various sectors of the economy, outside agriculture, designed to grow business and assist with things such as retail, restocking up and cross boarder activities,for example.

VIRL provides funding for most activities, but does not fund speculative or illegal activities.
To support VIRL’s desire to building capacity in all borrowers, the Financial Education Unit and Advisory services arm offers:

  • Financial Literacy courses
  • Basic business courses
  • HIV awareness and Gender Mainstreaming
  • Environmental Awareness Programs

The following conditions obtain for VIRL loans:

  • Maximum of 6% interest rate per month on flat basis
  • 7% administration fee upon loan disbursement if we are doing a transfer to your account
  • Collateral, including title deeds, car registration books for vehicles with comprehensive insurance cover, etc.
  • Bank statements
  • Business records for the past 3 months
  • We do not finance start-up businesses, but those which have been running, with documented evidence and records, for at least 6 months

Business Conditions

  • Business conditions are available at VIRL Offices and these are based on the cost of funding for the business as well as the risk profile of the loans.

Loan Tenor

  • 1 to 24 months depending on the loan type and on the cash flows of the business.

Required Documents

  • Copy of National Identification or Passport
  • Proof of Residence of the borrower
  • Recent Passport size photograph
  • Fully completed application form
  • Bank statements where these are available
  • Any documents relating to the business activities such as business records of daily sales and expenses sheets and well as purchases


This depends on the customer segment and amount borrowed and takes the form of:-

  • Third party guarantee
  • Group Guarantee
  • Pledge of loose assets
  • Mortgage Bond
  • Life Insurance