Loan Cost
- Minimum Interest: 0
- Maximum Interest: 0
- Application Fee: 0
- Loan Fees: 6% - 12%
- Excise Duty: 20% of loan fees
Loan structure
- Type: Unsecured
- Loan Fees structure: Flat rate
- Collateral needed: None
Loan Details
- Loan size: SME
- Minimum tenure: 2 weeks
- Max tenure: 6 weeks
- Minimum Amount: ksh100K
- Maximum amount: ksh10M
- Repayment Frequency: Monthly
Eligibility
- Time in operation: 6 Months
- Existing Agri-Business
Documents
- National ID
- KRA Pin
- Passport photo
- Business records
- Registration certificate
- Business license
- 6 months Mpesa statements
Avenews is a Digital Lender licensed under the Central Bank (Amendment)Act of 2021 and regulated by the Central Bank of Kenya.