← Project Appraisal Level 1: Project Finance Foundations

Project Documents, Security and Staged Disbursement

Module 05 / 5 · 65 min

Protect the bank while a project is still a construction site: the right documents, a security package that grows with the project, and money released only against progress.

In this module you will learn to

Prepare the full document checklist for a project loan
Design a security and insurance package that grows from construction to operation
List the conditions precedent before first disbursement
Plan and control a staged disbursement schedule with site visits

Built on

Erudite Africa training module: Project Appraisal Level 1: Project Finance Foundations (October 2026)
A commercial bank's Revised Credit Procedure Manual (August 2025), unnamed
NBE directives as listed in the lessons: FXD/01/2024 and NBE/INT/13/2026
Ethiopian laws as cited: Environmental Impact Assessment Proclamation No. 299/2002, Movable Property Security Right Proclamation No. 1147/2019, Insurance Business Proclamation No. 746/2012
Erudite Africa: Ethiopian context for banking training (39 topics, October 2026)

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.