Group Loans

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Group Loans

The product is created to provide loans for individuals who are running businesses and want to borrow through a group guarantee system.

One qualifies for five (5) times his/her savings in the group.

Loan amount Kes. 10,000 to Kes. 1 Million
Loan duration is 12 months
Competitive interest rate
Quick processing

Requirements

The group needs to have saved for 8 weeks
KYC documents for Borrower e.g. ID,KRA Pin, passport photo
Business records
Registration certificate where necessary
Business license
6 months bank statements if you are not banking with us

Securities used are:

Households and Logbook
Stock hypothecation
Simple deposit over title deed
Cash
Guaranteed by group members
Shares from listed companies discounted 50%