Creative Industry Fund

Kickstart your dreams with the union of sustainable low-cost funding and your business goals.

The Creative Industry Funding is an initiative of the Central Bank to finance entrepreneurs in the creative and information technology space. The funding is focused on the following sub-sectors:

  • Music: 
  • Fashion
  • Movie production and distribution
  • Information technology

You can only access the fund if you have an existing business in the creative space, a start-up in the creative space or if you’re a student of higher institutions developing a software.

  • Flexible repayment structure
  • Financial support to achieve your business goals

You’ve got a bright idea? Great, you will need the following requirements to access this funding to bring your idea to life.

  • Business plan
  • Personal Guarantor 
  • The proposed source of repayment 
  • At least three referrals from a recognised body, sponsor or association
  • At least three years of relevant experience 
  • Evidence of Legal Mortgage 
  • Evidence of asset debenture 
  • Minimum equity contribution – 20% – 30%


  • Walk into any union bank branch  
  • The relationship officers explain the documentation process for your application
  • Your bank will discuss your request and provide you with the money in due time.
  •  The maximum interest rate for all loans is 9.0% per annum (all charges inclusive)
  •  The period for repaying the loan is as follows: 
  1.  A maximum of three years for the Software Engineering Student Loan
  2. A maximum of ten years for Fashion, Movie Production and Distribution and Music


Click here to apply for this loan. Click here for more information

COVID-19: We’re here to serve you. You can pay your bills, sort out transfers, check your balance, buy airtime and even request a loan on *826#, UnionMobile & UnionOnline. Click here for a list of our active sales and service locations, you can also book an appointment here. For assistance, chat with us on our website, or via WhatsApp 09070070001 or call us on 07007007000