Micro-Housing Loan

This is a loan product that will help low-income people as individuals or groups to build and grow value-creating, sustainable businesses by enabling them to acquire equipment for their businesses on lease.

Group Application Requirements

  • National IDs for all members
  • Group color photo  
  • Cessation of the equipment being bought as collateral
 
  • Quotation for the equipment to be bought. 
  • Cross-guarantor ship 
  • Sketch Map to meeting place and residence of leadership (Chairman, Secretary, Treasurer & Discipline Enforcer) 
  • Business profile for existing enterprises/business plans for start-ups 
  • Group Account number

Individual Application Requirements

  • National ID
  • Recent colour passport-sized photo  
  • Cessation of the equipment being bought as collateral

  • Quotation for the equipment to be bought.
  • Bank statement for existing business  
  • Police clearance report 
  • Business profile for existing enterprises/business plans for start-ups
  • Identification letter from Village Head or local leader in an urban location

Threshold

  • K5,000,000 to K30,000,000

Repayment Period

  • 6 months - 36 months
Minimum Grace period of 1 month may be granted

TARIFFS AND INTERESTS

    •  Processing fee: 3.5%
    • Insurance:1% 
    • Interest: 4.0% pm

TURN AROUND TIME

  • 21 working days