COVID-19 loan application form

Please note the following covenants of the loan procedure if your application were successful, and indicate whether your company would be able and willing to comply with these terms. Please fill in all fields.

1. If successful, your project will be required to submit your 3-monthly management accounts (audited when available). Specifically including:
–      Cash revenue
–      Staff expenses paid in country
–      Net cash flows from financing (excluding grants)
–      Number of in-country staff
–      Staff gender breakdown
–      Number of active customers

2. Mandatory prepayment of the loan is required within 6 months if any of the following criteria apply. These factors shall be tracked through the 3-monthly management reports, detailed in covenant 1.
– The company repays loans or is successful in raising a significant amount of extra capital, thereby obviating the need for the facility;
– The company retrenches a significant proportion of their local workforce, thereby cutting costs by cutting capacity (the purpose of the loan is to maintain capacity so that operations can continue post-COVID-19);
– The company’s revenue over a 6-month period is greater than half of its 2019 revenue: this is a proxy for business/revenue loss as a result of COVID-19, the idea being that if revenues do not significantly decrease then the company should not need the working capital loan “for COVID-19 purposes”;
– Females as a percentage of in-country staff declines by more than 10% points relative to 2019 average.

On behalf of the company I hereby confirm that the information provided above is true and correct. We undertake to inform REPP of any changes to the aforesaid information during the process of the loan application. We give our consent to the submission and use of the information in this form and the supporting documents for the purposes of the REPP KYC check.