Small business loan
This loan product is designed for those who already have a business and need access to working capital or to capital for expanding their business, but cannot be enrolled in the Small Loan Program or want to be graduated from the Small Loan program. The product supports both women and men with small and medium scaled businesses
Key Features
Member Admission fees | Applicable |
Loan Processing Fees | Applicable |
Frequency of meeting | No Meeting |
Cash Collateral against principal loan | Applicable |
Interest of savings | Not Applicable |
Type of loan product | Small Business Loan to Individual (both male & female) |
Loan size (1st cycle) | KSH 100,000 |
Loan duration | 5 months and 10 months |
1st loan disbursement | After one week |
Loan increment each cycle | KSH 30,000 |
Service charge/Interest Rate | Applicable |
Mode of repayment | Weekly/Monthly |
1st installment | After one week/After one Month |
Number of installment | 20 weeks / 5 months or 40 weeks / 10 months |
Installment | 5 months weekly/monthly OR 10 months weekly/monthly |
Loan insurance/risk premium | Applicable |
Risk cover | LOP will be written-off in case of borrower death |
Advance installment | Not applicable if it is monthly for 5 months |