Loan Cost
- Interest: 10% p.m
- Application Fee: 500
- Processing Fee: 4%
- Registration: ksh500
Loan structure
- Type: secured
- Interest structure: Flat Rate
- Security needed: Cash collateral & 2 guarantors
Loan Details
- Loan size: Micro/SME
- Minimum tenure: 1 Month
- Max tenure: 3 Months
- Minimum Amount: ksh2K
- Max amount: ksh200K
- Repayment Frequency: Weekly
Eligibility
- Time in operation: 6 Months
Documents
- National ID
- Business must be in a permanent establishment
- Must have a registered M-PESA line
- Pay a one-time registration fee of 500/-
- Have a good credit history with CRB
- Must demonstrate ability to pay
- Must provide a least two guarantors
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This Product is provided by Bidii Credit kenya. Bidii Credit kenya is a Non-deposit taking Microfinance Institution duly registered under the Companies Act No 17 of 2015
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