FBC Microfinance Business Working Capital — review & details
FBC publishes an actual rate range for this one — 5% to 12% PER MONTH — which, like its salary-based product, compounds to a genuinely expensive effective annual cost. Transparent, but work out the real total before committing.
Highest published rate — compare carefully
FBC Microfinance Business Working Capital
★★★☆☆
Up to $50,000
Loan Amount
1–12 months
Term
5%–12% per month (published)
Interest Rate
Income-generating activities for individuals and SMEs
Purpose
RBZ-registered microfinance institution (FBC group)
Licence
Very short-term needs only, given the published monthly rate
Best For
Pros
- Publishes an actual rate, unlike most competitors here
- High amount ceiling ($50,000) for a microfinance lender
- Flexible short term (1-12 months) for genuinely short needs
Cons
- 5-12% PER MONTH compounds to a very high effective annual cost
- The published range is wide — you won't know your specific rate until you apply
- Best suited to very short cash-flow gaps, not medium-term investment
How FBC Microfinance Business Working Capital compares in business loans
| FBC Microfinance Business Working Capital | FBC Bank Business Loans | CABS SME Loan | |
|---|---|---|---|
| Loan Amount | Up to $50,000 | — | $5,000 – $50,000 |
| Term | 1–12 months | — | 36 months |
| Interest Rate | 5%–12% per month (published) | From 18% per annum (USD, published minimum lending rate) | Not published — get a written quote |
| Purpose | Income-generating activities for individuals and SMEs | — | — |
| Licence | RBZ-registered microfinance institution (FBC group) | FBC Bank Limited — licensed commercial bank (RBZ), DPC member | CABS (Old Mutual group) — licensed building society (RBZ), DPC member |
| Best For | Very short-term needs only, given the published monthly rate | The lowest published starting rate of any lender compared here | Longer-term financing with a staff-retention angle |
| Visit FBC Microfinance → | Visit FBC Bank → | Visit CABS → |
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