This loan is designed to finance micro entrepreneurs with annual sales turnover of up to Kshs. 10 million who require working or investment capital to grow their business.
- Access to loans ranging from Kshs. 1 million to 5 million
- Flexible repayment terms of up to 60 months
- Flexible security requirements
- Ability to top-up existing loans
- Demonstrate ability to repay
- For individuals operating registered business entity
- Six months bank statement from any financial institution
- Minimum 1 year experience in the business to be financed
- Regular cash flow to meet monthly loan repayment
- Should open/have a KCB Boresha Biashara account or Bankika Business Account
Rates and Fees
- A one off loan negotiation fee charged upfront at 3% of the loan amount.