SKILLED YOUTH ARTISAN LOAN

This loan caters to both individuals and groups of size 3 to 10 who have acquired skills from various institutions and programs such as TEVET, colleges, technical schools, and government internships.

Group Application Requirements
  • National IDs for all members
  • Cross-guarantorship
  •  Sketch Map to meeting place and residence of leadership (Chairman, Secretary and Treasury, Discipline Enforcer)
  • Group constitution
  • Certificate of competence for the skills professed (for artisans’ start-ups) .
  • Identification letter from Village Head or local leader in an urban location.
Individual Application Requirements
  • National IDs.
  • Colour passport-sized photos 
  •  Sketch Map to meeting place and residence of leadership (Chairman, Secretary and Treasury, Discipline Enforcer)
  • Partnership Deed 
  • Letter from local leader 
  • Personal Guarantor 
  • Guardians’ Consent for Collateral and Loan  
  • Business Registration Certificate 
  • Certificate of competence for the skills professed (for artisans’ start-ups) .
  • Identification letter from Village Head or local leader in an urban location.

ThreshHolds

  • GROUP: K1,500,000 to K30,000,000
INDIVIDUAL:K500,000 to K30,000,000

Tariffs and Interest rates

  •  Processing fee: 3.5%
  • Insurance:1%
  • Interest: 3.0% pm

Repayment Period

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

Turn Around Time

  • 21 Working Days