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Loan Type

KC School Struct

KC School Struct

This facility is specifically for schools that want to enhance their school environment by building structures, acquisition of educational equipment, laboratory equipment and motor vehicles for logistics purposes. The tenor of this loan runs within a year to enable the school accommodate the repayment of the loan within a school session of three (3) terms.

Requirements for KC School Struct:
  • Applicant to open an account with KC MFB
  • Applicants valid id card (nin/voters card/int’l passport/drivers license)
  • 4 passport photographs of applicant
  • Current utility bill of place of residence (within the last 3 months)
  • Spouse valid id card and passport photograph
  • All the schools bank statements of account (minimum of 12 months)
  • Duly filled loan application form
  • Undated cheque leaves of applicants and guarantor (s)
  • Minimum of 2 Guarantors required and to produce - (valid id card, house utility bill and passport photograph)
  • CAC Registration Documents (where applicant is a Limited liability company)
  • Any other relevant documents to support your application
  • The schools audited account/management account where applicable/available.
  • Tax clearance certificate
  • Copies of the school register
  • School Governing Council Resolution Letter
  • Necessary documents to prove school approval granted by the government and necessary regulatory bodies.

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