Consumer Loan

PRODUCT

Consumer Loans

  • Somesha Loan
  • Emergency loan
  • Medical cover loans
  • Mkopo Wa Hisa
  • Electricity installation loan etc
PURPOSE & DESCRIPTION

To avail credit to customers to meet the day today need that makes them affects the cash flows of the business. They may include but not limited to school fees emergency needs, medical cover acquisition, installation of electricity, share purchase loans etc

LENDING METHODOLOGY

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

Loans can be given as rider loans to clients while they are servicing other loans.

-Existing VISIONFUND KENYA customers

- Ability to repay the loan

- Must have no arrears with the existing loans

At least 50% of the core loan must have been paid

- New customers are also welcome to apply for the same, subject to appraisal.

LOAN TERM

Up to 12 months

20% cover on the total exposure for both loans .

Loan must have been paid at least ½

of the amount or period

Cheque or Mpesa EFT done in favor of the service provider

All loans are provided with a competitive and reasonable interest rate

LOAN AMOUNTS Up to 100,000
GRADUATION N/A shall depend on the need at time of application and ability to pay.
COLLATERAL Commitment by the employer to do a check off
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...

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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

 

 

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