Individual and Partnership Financing
Foundations of individual financing and partnership:
- To be a Sudanese national, at least 18 years old and not more than 70 years old.
- Eligibility of the customer (electronic and field inquiries).
- Fulfillment of the necessary guarantee.
- Opening an account with Irada Company.
- Certificate of practicing an activity (according to the nature of the project, if any).
- The activity is not prohibited from financing according to the publications of the Central Bank of Sudan.
- The customer's activity should be within the geographical circle of the nearest branch, as much as possible.
- The activity should not be incompatible with the principles of Islamic Sharia.
- Approval of the comprehensive insurance of the project to be parallel to the implementation.
Required Documents:
- A financing request signed by the beneficiary stating the purpose and amount required for financing.
- A copy of a valid ID (national card/passport/driver’s license/military card).
- A recent photograph.
- Residence certificate.
- Insurance request (upon execution).
- An economic feasibility study for the required project.
- An initial invoice in favor of Erada Microfinance Company, to be renewed upon execution.
- A copy of the rental contract / hosting contract / ownership certificate / possession certificate approved by an official body
- In the case of partnership financing, it is done according to the form established by the company's legal department.
