Requirements for Bank Loan In Ethiopia

Requirements for Bank Loan In Ethiopia

  1. Credit application form
  2. Renewed licence
    1. Trade license
    2. Principal registration no.
    3. investment license. if applicable
    4. Memorandum of association and article of association MOA & AOA
    5. TIN of the applicant and spouse in case of a sole proprietorship. manager and shareholders in case of share company and Private limited company.
  3. Borrowers financial Statement
    1. Audited Financial statement
    2. Loan statement if any with other banks
  4. Collateral Information
    1. Title Deed / LHC ( Land Holding Certificates)
    2. Booklet for machinery and vehicles
    3. Land lease agreement
    4. Architectural and Other plans including Bill of quantity
  5. Tax Clearance certificate from ERCA
  6. Marital Status

3  Easy steps to start business in Ethiopia

3  Easy steps to start business in Ethiopia

  1. Hire local business advisor.
  2. Choosing type of business registration format.

    Sole Proprietorship

    Private Limited Company (P.L.C)

    Share Company (S.C)

  3. Business registration and licensing process.