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
The group needs to have saved for 8 weeks
KYC documents for Borrower e.g. ID,KRA Pin, passport photo
Registration certificate where necessary
6 months bank statements if you are not banking with us
Securities used are:
Households and Logbook
Simple deposit over title deed
Guaranteed by group members
Shares from listed companies discounted 50%