Maintenance and Provision of Financial & Other Records

The Bank requires the maintenance of accurate and adequate financial records. Borrowers must provide audited financial records on initial application and on an annual basis thereafter.

The Bank requires the provision of an annual business plan which should include:

•  existing SWOT analysis (i.e. the existing strengths, weaknesses, opportunities and threats of the business)

•  planned export activities and marketing

•  forecasts on sales and expenditures, with justifications for assumptions made

•  information on payment of debt

•  any other information relevant to the performance of the business in the coming year

In order to disburse loans, the Bank requires the maintenance and provision of financial records, which indicate how disbursed funds have been used.

The Bank retains the right to periodically inspect all financial records.         

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