Branch Microfinance Bank Limited Soko Loan Details

Rates available from as of 1st April 2021
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Branch Microfinance Bank Limited

Soko Loan
Ksh1k - 20k
1 Month
Total Cost
11.30% (per loan)
Business Permit Required
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Loan Cost

  • Interest: 5% p.m
  • Application Fee: 0
  • Processing Fee: 4%
  • Excise Duty: 20% of processing fee
  • Credit Insurance: 1.5%

Loan structure

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

Loan  Details

  • Loan size: Micro
  • Max tenure: 1 Month
  • Minimum Amount: ksh1K
  • Max amount: ksh20k
  • Repayment Frequency: Weekly


  • Time in operation: 6 Months
  • Banking History: 3 Months


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

Example Representative Pricing

  • Loan Amount: ksh10,000
  • Loan Interest Rate: 5%
  • Processing Fee: ksh400
  • Excise Duty: ksh80
  • Credit Insurance: ksh150
  • Loan duration: 1 month
  • Estimated Total repayment amount: ksh10,500

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


  • Available to businesses without formal registration
  • Flexible repayment installments


  • Requires 10% cash deposit as security

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