|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
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.
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|