Business Loans

Branch Microfinance Bank Limited Boresha Imara 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.

Branch Microfinance Bank Limited

Boresha Imara Loan
Amount
Ksh5k - 1M
Duration
3 Months - 36 Months
Total Cost
24.3% annualized (year 1)
Business Permit Required
visit website

Loan Cost

  • ‍‍Interest: 18%
  • Application Fee: 0
  • Processing Fee: 4%

Loan structure‍

  • Type: Secured
  • Interest structure: Reducing Balance
  • Collateral needed: 10% cash collateral & 2 Guarantors

Loan  Details‍

  • Loan size: Micro/SME
  • Minimum tenure: 3 Months
  • Max tenure: 36 Months
  • Minimum amount: ksh5K
  • Max amount: ksh1M
  • Repayment Frequency: Weekly/Monthly

Eligibility‍

  • Time in operation: 6 Months
  • Banking History: Required to save 10% of loan amount

Documents‍

  • National ID card
  • Business has running for at least 6 months
  • KRA PIN certificate
  • Photograph (for first loans only)

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 18%
  • Processing Fee: ksh4000
  • Excise Duty: ksh800
  • Credit Insurance: ksh1,500
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh9,168
  • Estimated Total repayment amount: ksh110,016

‍

This product is provided by Branch Microfinance Bank. Branch Microfinance Bank is a Deposit-taking Microfinance Bank licensed under the Microfinance Act No. 19 of 2006  and regulated by the Central Bank of Kenya.

Money254 Review

Pros

  • ‍‍Available to businesses without formal registration
  • Flexible repayment installments‍

Cons‍

  • Requires both conventional security and cash security
  • Requires 10% cash deposit as security

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 Century Microfinance Bank Boresha Imara Loan, Structure, Repayment, Fees & Contacts

Century Microfinance Bank Boresha Imara Loan is a facility targeted at business people to assist them to boost their business with working stock or increasing capital.

Who is Eligible for Century Microfinance Bank Boresha Imara Loan?

Century Microfinance Bank Boresha Imara Loan Limits and Interest rates

Other Fees

Century Microfinance Bank Boresha Imara Loan Interest Structure

How to Apply for Your First Century Microfinance Bank Boresha Imara Loan

How to Apply for Your First Century Microfinance Bank Boresha Imara Loan

Contacts

Download the new Money254 App and don’t miss out on your next opportunity.

Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.
Get it on Google Play

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:

CBK Lures Investors With High Interest, Tax Free Bonds 
News and Analysis

CBK Lures Investors With High Interest, Tax Free Bonds 

July 26, 2024
MPs Overturn Ruto’s Bid to Scrap Office of the First Lady 
News and Analysis

MPs Overturn Ruto’s Bid to Scrap Office of the First Lady 

July 25, 2024
Money Confessions: I Quit a 50K Job Because I Didn’t Want to Live in Ushago
Money and Me

Money Confessions: I Quit a 50K Job Because I Didn’t Want to Live in Ushago

July 25, 2024
Driving Habits That Are Pushing Up Your Car’s Consumption
Money Management

Driving Habits That Are Pushing Up Your Car’s Consumption

July 25, 2024
Full List of Cabinet Secretaries as Nominated by President Ruto in July 2024
News and Analysis

Full List of Cabinet Secretaries as Nominated by President Ruto in July 2024

July 24, 2024
Balancing Personal and Business Finances: Lessons From Successful Entrepreneurs
Money Management

Balancing Personal and Business Finances: Lessons From Successful Entrepreneurs

July 23, 2024
Government Denies Sale of JKIA Amid Planned Protests
News and Analysis

Government Denies Sale of JKIA Amid Planned Protests

July 23, 2024
Burnout: What to Do If You Feel Like Quitting Your Job Every Day
Money Psychology

Burnout: What to Do If You Feel Like Quitting Your Job Every Day

July 19, 2024

Stay up to date with your money - download the new Money254 App Today

Get it on Google Play
Download the Money254 app on Google Playstore

Sign up for our newsletter and get weekly money tips to your inbox.

Get updates from the Money254 team on financial news and new Money254 features.
Money254 Logo
DOWNLOAD THE APP
Get it on Google Play
About
CompanyMoney Weekly NewsletterTerms of UsePrivacy PolicyEditorial StandardsPartner with Us
Contact Us
info@money254.co.ke
ABC Place, Waiyaki Way Nairobi
Products
Personal LoansBusiness LoansAuto LoansLogbook LoansInsuranceSavings 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.