Choice Microfinance Bank Limited Chemsha Biashara 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.

Choice Microfinance Bank Limited

Chemsha Biashara Business Loan
Amount
Ksh1k - 10k
Duration
1 Month
Total Cost
5% per loan
Business Permit Required
visit website

Loan Cost

  • Interest: 5% per loan
  • Application Fee: 0
  • Processing Fee: 0
  • Credit Insurance: ksh100

Loan structure

  • Type: Unsecured
  • Interest structure: Flat Rate
  • Security needed: None

Loan  Details

  • Loan size: Micro
  • Minimum tenure:
  • Max tenure: 1 Month
  • Minimum Amount: ksh1K
  • Max amount: ksh10K
  • Repayment Frequency: Daily/weekly

Eligibility

  • Time in operation: 6 Months
  • Banking History: 14 Days

Documents

  • National ID
  • KRA Pin
  • Coloured Passport photograph

Money254 Review

Pros

  • Available to businesses without formal registration
  • No security is required

Cons

  • Required to open an account

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 Choice Microfinance Bank Chemsha Biashara Loan, Structure, Repayment, Fees & Contacts

Choice Microfinance Bank Chemsha Biashara Loan is a product geared towards small-scale traders who are in the business of fast-moving goods and require float for working capital.

Who is eligible for Choice Microfinance Bank Chemsha Biashara Loan?

Choice Microfinance Bank Chemsha Biashara Loan limits and Interest rates

Other Charges

Choice Microfinance Bank Chemsha Biashara Loan Interest Structure

How to Apply for Your First Choice Microfinance Bank Chemsha Biashara Loan 

How to Apply for Your First Choice Microfinance Bank Chemsha Biashara 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

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.