Target Group

• The product targets land lord and home owners
• Purpose of the loan is to improve already existing rental units , home improvement

Loan Tenure

• 1st loan to a max of 6 months
• Subsequent loan to a max of 24months

Interest rate

• 3% -10% per month on a risk based model

Loan amount

• To a max of 100,000 for 1st time borrowers
• To a max of 1.5 Million for repeat borrowers

Target Group

• The product targets business people who are in need of short term business loans

Qualification Criteria

• Must have been in business for more than 2 years
• Owns the business premises or have a business lease running for up to 5 years
• Met the required business regulatory requirements
• Demonstrate capacity to service the loan by providing ascertainable evidence of the cash flows
• Kenyan citizen above 18 years of Age
• Clean CRB

Loan Tenure

• To a maximum of 3 months for 1st time borrowing
• 2nd time borrowing to Max of 6 months
• 3rd time borrowing to a Max of 12 months

Interest rate

• 3% -10% PM on a risk based model.

Loan amount

• To a max of 1.5 Million for repeat borrowers
• Must have 2 loan guarantors
• House Hold collaterals discounted at 50%
• Stock hypothecation
• Postdated cheques
• Motor Vehicles to be jointly registered at a discounted rate of 70% of the Forced sale Value.
• 10% cash cover

Security

• Check off system
• Company /scheme to enter into agreement to remit deduction