Each loan listed on Afranga is issued by a vetted business borrower and comes with a clearly defined purpose for the use of funds.
Common Uses of Loan Proceeds:
- Business expansion or working capital
- Equipment or inventory purchase
- Real estate acquisition or development
- Refinancing of existing debt
- Other operational needs approved during Afranga’s due diligence
Find the Full Details in the KIIS:
The Key Investment Information Sheet (KIIS) for each loan includes a dedicated section outlining:
- The exact purpose of the funds raised
- How the funds will support the borrower’s business operations or growth
- Any material risks related to the intended use
You can access the KIIS by clicking on the loan ID in the Loan Marketplace. A new tab will open with full documentation for that specific investment opportunity.
Summary:
Loan purposes are disclosed transparently in each loan’s KIIS. Review this document before investing to understand how your funds will be used and to evaluate associated risks.
Still have questions? Contact us at support@afranga.com.