Business Loans

Avenews Agribusiness Loan Details

Rates available from as of 1st April 2021
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Avenews

Agribusiness Loan
Amount
Upto ksh2M
Duration
1 month - 3 months
Total Cost
6 % per month
Business Permit Required
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Loan Cost

  • Application Fee: 0
  • Loan Fees: 6% Mark up cost

‍Loan structure

  • ‍‍Type: Unsecured
  • Loan Fees structure: Flat rate
  • Collateral needed: None

Loan  Details

  • ‍‍Loan size: SME
  • Minimum tenure: 1 month
  • Max tenure: 3 months
  • Minimum Amount: ksh100K
  • Maximum amount: ksh2M
  • Repayment Frequency: Monthly

Eligibility

  • ‍‍Time in operation: 12 Months
  • Minimum monthly sales of Ksh300k
  • Existing Agri-Business
  • Physical store/office
  • Valid Annual Permit from the County Government

‍Documents

  • ‍‍National ID
  • KRA Pin
  • Passport photo
  • 12 months business records
  • Registration certificate
  • Business license
  • 12 months Mpesa statements
  • 12 months bank statements

Avenews is a Digital Lender licensed under the Central Bank (Amendment)Act of 2021 and regulated by the Central Bank of Kenya.

Money254 Review

Pros:

  • Specialised Agri-value chain credit provider
  • No processing fee - you only pay a markup on what you borrow
  • Large Loan tickets: Loan sizes of up to Ksh2M
  • Unsecured Loans: No security or Collateral needed to access this Loan

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