Our Services

One of our goals is to lift millions of the poorest women and girls out of poverty

Groups created in different districts

Products and Services

Welcome to our Better Dayz, where we specialize in providing financial assistance to small and medium-sized businesses and individuals. Our short-term loans are designed to help with personal debts and support businesses in delivering services to their clients. We offer a range of loan options to meet the diverse needs of our customers and help them achieve their financial goals. Whether you are an individual looking to manage your debts or a business seeking funding to grow and thrive, we have a solution for you. Contact us today to learn more about how we can help you take control of your finances.

 Here you will find a range of options to meet your financial needs, whether you are an individual or a small to medium enterprise (SME).

INDIVIDUAL LOAN

Our individual loan offering has a flexible tenure ranging from 1 to 36 months and loan amounts from K50.00 to K20,000. We also have tailor-made products available to meet the specific needs of our clients.

BUSINESS LOAN TYPES

Security-Backed SME Financing

This loan option is open to all SMEs that are registered with PACRA and have evidence of working with reputable companies. It is a security-backed loan.

Order Financing

SMEs with orders from established corporates can access short-term credit for 30 to 90 days to fulfill their supply contracts.

Invoice Discounting

For SMEs that have already supplied goods or services to corporates and need an advance on the amounts owed, we offer invoice discounting.

Long-Term Loans

SMEs with a proven track record and regular cash flow from servicing reputable corporate organizations may be eligible for a short-term working capital loan ranging from 1 to 12 months.

Loan Application Process

To apply for a business loan, follow these steps:

  1. SME/supplier/contractor approaches Better Dayz Business Center for funding
  2. Better Dayz Business Center confirms order with corporate and reviews KYC documentation
  3. Credit appraisal is conducted
  4. The management credit committee approves the facility
  5. Security perfection with land, PACRA, and RTSA is undertaken and finance is advanced to the SME

Requirements

To apply for a business loan, you will need the following:

  • PACRA documentation
  • 12 months bank statement
  • Director’s KYC
  • Copies of orders, invoices, and supply contracts
  • Acceptable security (see below)

Acceptable Security

For loan amounts, we accept the following as security:

  • Condition of the motor vehicle (comprehensively insured)
  • Landed property
  • Household equipment (e.g. fridge, TV)
  • Office equipment (e.g. computers, printers)

Corporate MOU-Based SME Financing

These products are available to SMEs that provide services/goods to established corporates that have signed a memorandum of understanding (MOU) with Better Dayz Business Center to facilitate the payment of loan repayments directly from the off-takers.

Application Loan Process

To apply for a corporate MOU-based SME loan, follow these steps:

  1. Corporate signs MOU with Better Dayz Business Center
  2. SME applies for a loan and a credit appraisal is conducted
  3. Better Dayz Business Center reconfirms invoices/supply history with corporate
  4. SME assigns receivables to Better Dayz Business Center
  5. Financing is advanced to the SME

    PERSONAL LOAN TYPES

    Non Payroll Loans

    We offer short-term loans to individuals who are employed or have proof of regular income. These loans can be used to meet emergency needs such as school fees, medical bills, acquiring assets, building or expanding a home, and more.

    KYC Documents for the applicant

    To apply for a personal loan, you will need the following:

    • Proof of regular income
    • 3 months bank statements
    • No adverse information on your CRB report
    • Security (landed property or motor vehicl

    PMECI report from the Ministry of Finance

    Loan Application Process

    To apply for a personal loan, follow these steps:

    1. Individual approaches Better Dayz Business Center for funding
    2. Better Dayz Business Center confirms individual KYC documentation and supporting documents
    3. Credit appraisal is conducted
    4. The management credit committee approves the facility
    5. Security perfection with the ministry of lands or RTSA is undertaken and finance is advanced to the individual.

    Personal Credit – Corporate Payroll

    Better Dayz Business Center offers short-term credit facilities to employees of companies that enter into an MOU for payroll deduct loans. We offer fast, efficient service with a turnaround time of just 24 hours. Funds are collected via monthly payroll deductions from the employer company.

    LOAN APPLICATION PROCESS

    1. Individual approaches Better Dayz Business Center for funding
    2. Better Dayz Business Center confirms individual KYC documentation and supporting documents
    3. Credit appraisal conducted
    4. Management credit committee approves facility
    5. Security perfection with the ministry of lands or RTSA is undertaken and finance is advanced to an individual.

    PERSONAL CREDIT – CORPORATE PAYROLL

    Better Dayz Business Center provides short-term credit facilities to employees of companies that enter into a memorandum of understanding (MOU) for payroll deduct loans with Better Dayz Business Center. We offer superior service with a short turnaround time. The process is simple and funds are disbursed within 24 hours of a complete application being received. The funds are collected via monthly payroll deductions from the employer company.

    PMECI report from the Ministry of Finance

    Loan Application Process

    To apply for a personal loan, follow these steps:

    1. Individual approaches Better Dayz Business Center for funding
    2. Better Dayz Business Center confirms individual KYC documentation and supporting documents
    3. Credit appraisal is conducted
    4. The management credit committee approves the facility
    5. Security perfection with the ministry of lands or RTSA is undertaken and finance is advanced to the individual.

    Personal Credit – Corporate Payroll

    Better Dayz Business Center offers short-term credit facilities to employees of companies that enter into an MOU for payroll deduct loans. We offer fast, efficient service with a turnaround time of just 24 hours. Funds are collected via monthly payroll deductions from the employer company.

    SHORT-TERM LOANS FOR SHORT-TERM FINANCIAL NEEDS

    • Short-term nature is meant to finance short-term needs that banks do not typically finance
    • Loan repayment period is from 1 month to 36 months
    • Top ups available after three months of performance on an initial loan
    • No collateral required
    • Early loan payments are allowed
    • Loan size depends on the employee’s salary and tenure of the loan
    • Our standard affordably criteria is that the employee should remain with at least 40% of gross pay as take-home pay after all statutory employer and third party deductions

    HOW TO APPLY FOR A LOAN

    • MOU signed between the employer and Better Dayz Business Center
    • Employer agrees to facilitate Better Dayz Business Center loan deductions from payroll
    • Employer agrees to remit deduction schedule and payment to Better Dayz Business Center
    • Method of payment allowed: cash, cheque, electronic fund transfer (EFT), mobile money
    • Employee application requires: NRC, three months’ latest pay slips, preapproved documents from HR/Finance, three months’ latest bank statements, introductory letter, passport size photo
    • Marketers need: introductory letter from market chairman/council representative, passport size photo, NRC, income history

    BETTER DAYZ BUSINESS CENTER LOAN REVIEW PROCESS

    • Check that employee’s pay is within MOU conditions
    • Credit reference bureau check
    • Reconfirm employment status
    • Loan approved
    • Loan disbursed within 24 hours

    MONTH-END REPAYMENT OF LOANS

    • Better Dayz Business Center submits loan repayment schedule on agreed date
    • Employer uploads deductions on payroll
    • Employer transfers consolidated deductions with deduction schedule to Better Dayz Business Center
    • Better Dayz Business Center uploads repayments on system and loan is fully paid off

    INSTANT SALARY ADVANCE

    • Better Dayz Business Center provides short-term credit facilities to individuals in formal employment
    • Short turnaround time, with funds disbursed within 30 minutes or less upon successful completion of application forms
    • To qualify, employees need: loan application form, three months’ latest pay slips (stamped by employer), three months’ latest bank statements (stamped by bank), introductory letter from employer, copy of NRC/valid passport/valid driver’s license, passport-sized photo

    WHY CHOOSE BETTER DAYZ BUSINESS CENTER

    • We engage with clients to improve our service offerings
    • We work with employers to meet the needs of employees
    • Mobile service helps to reduce costs for both employer and employee
    • We are efficient and add value to clients through strategic alliances and access to other products

    ADVANTAGES FOR EMPLOYERS

    • Reduces administrative burden of administering salary advances and loans
    • Frees up working capital
    • Well-monitored and coordinated management of scheme in partnership with employer

    ADVANTAGES FOR EMPLOYEES

    • Access to quick and easy financing
    • Financing for short-term needs such as education or personal development
    • Short turnaround time between 30 minutes to 24 hours
    • Option to refinance existing loans with new loan from our organization