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
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