Islamic Development Bank

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SME Lender

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About Islamic Development Bank

The Islamic Development Bank focuses on funding projects that align with sustainable development goals like SME’s while enhancing trade and investment flows among its members. The bank also provides technical assistance to strengthen institutional capacities.

Amount

GNF 100,000 - GNF 10,000,000

Tenor

1 - 180 months

Min. Approval Time

24 hrs

Countries

Requirements

The basic requirements to apply for a loan on Islamic Development Bank include:

  • •   Shariah-compliant requirements
  • •   Identification documents
  • •   Business plan
  • •   Collateral

How to Apply

To apply for a loan with Islamic Development Bank, visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.


Alternatively, you can download the lender's app on Google Play Store.

This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.

Contact

Lendsqr is not a lender and cannot provide loans directly. Our platform functions as a bridge connecting you with licensed lenders who may offer personal loans depending on their products. We showcase a list of these lenders and the loan options they provide.

While you can initiate the application process on Lendsqr, it's important to understand this simply starts the process with your chosen lender, not with Lendsqr.

FAQs

What channels can I use for free?

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A web app - This is created immediately after they onboard and their customers can apply for loans via the app for free. They also get to use the admin console for free to manage their lending operations, however certain features are tied to plans so they might need to upgrade to have a more streamlined lending operation.

Can I get a custom app for my own preferences?

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You can customize your web app to your preferences - the color, texts, how things appear to fix your business colors and brand. Mobile apps customized to your brand are on our paid plans and not readily available to users on the free tier.

I already have my own app, how can I still plug into Lendsqr’s infrastructure?

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Lendsqr has APIs that you can utilize in your own app. We have a product, Adjutor that houses all our APIs without needing you to use Lendsqr's white-label apps

How do I get a demo or walkthrough for Lendsqr?

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You can send an email to growth@lendsqr.com

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