Business Loan

PRODUCT

Business Loan (Mkopo Biashara) Group loan

PURPOSE & DESCRIPTION

This loan product targets business people seeking additional business capital to inject into their businesses for expansion or diversification. Key beneficiaries of this product are businesses that have been in existence for a minimum of 6 months and are able to repay monthly installments based on cash flow

Lending methodology

The business must have been in existence for at least 6 months

 

- Business must be able to repay the loan based on cash flow.

 

Individuals must be in groups of 10 and above members willing to guarantee each other.
LOAN TERM

3,6,9,12,18,24 months

 

NB Loans below Ksh100,000 maximum period is 12 months
LOAN AMOUNTS

1st loan up to Ksh 30,000 for all first loans

 

 

Up to Ksh 1,000,000
GRADUATION

50% for loans less than Kshs50,000.00

 

50% for loans greater than Kshs:100,000.00
COLLATERAL

10% cash cover for first loan

 

20% Cash collateral for subsequent loans

- pledged items to the group

- tangible security for loans > Kshs:350,000

- group guarantee

PRICING All loans are provided with a competitive and reasonable interest rate.
   

Our Success Stories

Thumbnail Each morning at 6.30am, Phoebe AokoObundo opens herthree by three meter shop, a tailoring business in a bustling northeast Nairobi market. She wouldn’t want to work anywhere else. ‘When you have...

Newsletter Subscriber

Name:
Email:

Contact us

Karen Road, Off Ngong Road P.O. BOX 1676 - 00200 Nairobi - Kenya info@visionfundkenya.co.ke +254 722 200 402 , +254 723 786 990, +254 724 256 956  Customer Service Line :+254 706 200 555 |

http://www.visionfundkenya.co.ke

 

 

JoomShaper