Micro INSURANCE LOAN

Existing borrowers with assets to be insured. New clients whose assets are going to be used for securing loans.

Application Requirements

  • National ID
  • Identification letter from Village Head or local leader in an urban location 
  • Proof of ownership of property to be insured. Registration documents 
  • Quotation from an Insurance company
  • Sketch Map to residence/business

Threshold

  • 100,000 – 30,000,000

Threshold

    •  Processing fee: 3.5%
    • Insurance:1%
    • Interest: 4.5% pm

Repayment Period

  • Tenure	3 months – 12 months
NO Grace Period is Applicable

tURN AROUND TIME

  • 21 working days