Business Loans

Caritas Microfinance Bank Limited Mustard Seed Development Loan Details

Rates available from as of 1st April 2021
Money254 strives to provide relevant and accurate product information, which Money254 obtains directly from each institution’s tariff guide. If you believe a product’s details are incorrect, please report the product to Money254.

Caritas Microfinance Bank Limited

Mustard Seed Development Loan
Amount
ksh5k - 200k
Duration
1 month - 48 Months
Total Cost
4.62%- 221.76% (per loan)
Business Permit Required
visit website

Loan Cost

  • ‍‍Interest: 1.5% p.m
  • Application Fee: 0
  • Processing Fee: 3%
  • Excise duty: 20% of processing fee
  • Credit Insurance: 0.06%

Loan structure‍

  • Type: Secured
  • Interest structure: Flat Rate
  • Security needed: 1 Guarantor

Loan  Details‍

  • Loan size: Micro/SME
  • Minimum tenure: 1 Month
  • Max tenure: 48 Months
  • Minimum Amount: ksh5K
  • Max amount: ksh200K
  • Repayment Frequency: Monthly

Eligibility‍

  • Time in operation: 6 Months
  • Banking History: No requirement

Documents

  • National ID
  • KRA Pin
  • Coloured Passport photograph
  • Open an account with the bank

Money254 Review

Pros

  • ‍‍Available to businesses without formal registration‍

Cons‍

  • Requires security
  • Requires guarantors to open an account with the bank

Use Money254's free search to view the best Business Loans available in Kenya today

We have aggregated all of the Business Loans from Kenya's top financial institutions.
See all Business Loans

How to Apply Caritas Microfinance Bank Mustard Seed Development Loan, Structure, Repayment, Fees & Contacts

Caritas Microfinance Bank Mustard Seed Development Loan is designed for micro, small and medium business growth needs. Funds can be used for working capital, asset acquisition, business expansion

Who is Eligible for Caritas Microfinance Bank Mustard Seed Development Loan?

Caritas Microfinance Bank Mustard Seed Development Loan limits and Interest rates

Other Fees

Caritas Microfinance Bank Mustard Seed Development Loan Interest Structure

How to Apply for Your First Caritas Microfinance Bank Mustard Seed Development Loan

How to Apply for Your First Caritas Microfinance Bank Mustard Seed Development Loan

Contacts

What is Money254?

Money254 is a new platform focused on helping you make more out of the money you have. We’ve created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts have tirelessly collected.  
‍

We’ve just launched but will be adding more product categories and tools over the coming months.

Sign-up to our newsletter and social channels to stay up-to-date!
Learn more about Money254

Learn more about business loans with these recent articles from the Money254 blog:

Every Employee’s Nightmare: Loss of Income
Money Management

Every Employee’s Nightmare: Loss of Income

May 20, 2022
How to Create Life Balance as a Working Mom
Money Management

How to Create Life Balance as a Working Mom

May 20, 2022
Tough Choices: My Little Brother Bought a Boda Boda on Credit
Money and Me

Tough Choices: My Little Brother Bought a Boda Boda on Credit

May 20, 2022
Six Investment and Risk-Taking Lessons to Learn from The Crypto Crisis
Money Management

Six Investment and Risk-Taking Lessons to Learn from The Crypto Crisis

May 20, 2022

Stay up to date with your money - sign up for our newsletter today.

Get updates from the Money254 team on financial news and new Money 254 features.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
About
CompanyTerms of UsePrivacy Policy
Contact Us
Products
Personal LoansBusiness LoansLogbook LoansSavings AccountsCurrent AccountsCredit Cards

Disclaimer: The information that Money254 provides on this website is obtained from publicly available resources and is intended for information or educational purposes only. Money254 strives to keep the information on the website up to date and does not warranty that all the information will be as the financial institutions updated or changed information at all times. Money254 does not own any of the information provided by or obtained from third party financial institutions. Take note that the institutions represented on this website may vary their terms at any time or may offer you terms different to what you have seen on the website due to their own analysis of your individual circumstances or change of terms and you are encouraged to review the specific financial institution’s terms and conditions when obtaining their services or products. Money254 is not a financial institution, insurance provider or financial adviser and is not liable for any decisions any individual makes based on the information provided on the website.  Please refer to our terms and conditions and privacy policy before using this website.