Jenga Mali (Assets Finance)·
House improvement assets
Business Assets Acquisition Loan
|PURPOSE & DESCRIPTION||Accessible to both individual and group clients for acquisition of house hold improvement assets as well as for business assets that will generate income.|
- Business must be able to repay the loan based on cash flow.-For clients who would want to improve their businesses or house hold
Up to 12 months for house hold assets
For business assets up to 24 months for amounts greater than Ksh 100,000All loans are provided with a competitive and reasonable interest rate
For house hold improvement up to Ksh100, 000.
For Business Assets up to Ksh 1,000,000Total exposure covered by 20% savings.
|GRADUATION||50% for loans less than Ksh 50,000.00
50% for loans greater than Kshs:100,000.00
N/A subject to value of asset applied and ability to pay.
- 20% Cash collateral
- pledged items to the group
- tangible security for loans > Kshs:500,000.00
- group guarantee- Assets purchased