Business Loan
Features
This loan facility is designed for already operational MSMEs with verifiable cashflows, in need working capital for their business.
- Secured by a motor vehicle logbook.
- Qualification entails zero negative listings with the Credit Reference Bureaus (CRBs) for both the business and its directors.
- The businesses to have been in operation for over a year and a half (18 months).
- A maximum repayment period of 12 months (1 year).
- Accessible amounts range from a minimum of KShs. 50,000.00 (Fifty thousand Kenya Shillings) to a maximum of KShs. 5,000,000.00 (Five million Kenya Shillings).
Requirements
- Original and copy of motor vehicle logbook
- Original and copy of National Identity card
- Copy of KRA PIN certificate
- 2 coloured passport size photos
- Latest 6 months’ certified bank statements / M-Pesa statements where applicable
- Business certificate of registration / incorporation
- Memorandum and Articles of Association and/or CR1, CR2, CR8 and CR 12 where applicable