Inuka Africa Microfinance SME Loan Details

Rates available from as of 1st April 2021
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Inuka Africa Microfinance

SME Loan
Amount
Ksh10k - 500k
Duration
1 Month - 12 Months
Total Cost
15% - 90% (first loan)
Business Permit Required
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Loan Cost

  • Interest: 15% p.m for first cycle, 12% Second cycle, 10% for subsequent cycles
  • Application Fee: ksh500
  • Processing Fee: 0

Loan structure

  • Type: Unsecured
  • Interest structure: Flat Rate
  • Security needed: 30% cash collateral

Loan  Details

  • Loan size: SME
  • Minimum tenure: 1 Month
  • Max tenure: 12 Months
  • Minimum Amount: ksh10k
  • Max amount: ksh500k
  • Repayment Frequency: Weekly

Eligibility

  • Time in operation: 6 Months

Documents

  • Original ID and Copy of ID
  • Bank and M-PESA statements for at least 6 months
  • Business permits
  • Business records for at least 6 months
  • Loan security (Log Book, business stock, household items)

This Product is provided by Inuka Africa Microfinance. Inuka Africa Microfinance is a Non-deposit taking Microfinance Institution duly registered under the Companies Act No 17 of 2015

Money254 Review

Pros

  • Available to businesses without formal registration
  • Available to micro and SMEs
  • Subsequent Loans are cheaper

Cons

  • This loan requires security
  • Requires 30% cash collateral


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How to Apply Inuka Africa Microfinance SME Loan, Structure, Repayment, Fees & Contacts

Inuka Africa Microfinance SME loan is designed to help small businesses scale, by providing them with affordable loans.

Who is Eligible for Inuka Africa Microfinance SME Loan?

Inuka Africa Microfinance SME Loan limits and Interest rates

Other Fees

Inuka Africa Microfinance SME Loan Interest Structure

How to Apply for Your First Inuka Africa Microfinance SME Loan

How to Apply for Your First Inuka Africa Microfinance SME Loan

Contacts

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