ECLOF Kenya SME Loan Details

Rates available from as of 1st April 2021
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SME Loan
From ksh200k
12 Months - 36 Months
Total Cost
24% annualized (year 1)
Business Permit Required
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Loan Cost

  • Interest: 1.83% p.m
  • Application Fee: 0
  • Processing Fee: 2%

Loan structure

  • Type: Secured
  • Interest structure: Flat Rate
  • Security needed: cash collateral & 2 guarantors

Loan  Details

  • Loan size: SME
  • Minimum tenure: 12 Months
  • Max tenure: 36 Months
  • Minimum Amount: ksh200K
  • Max amount: Pegged on business security and turnover
  • Repayment Frequency: Monthly


  • Time in operation: 12 Months


  • Original ID and Copy of ID
  • KRA PIN Certificate
  • Bank and M-PESA statements for at least 6 months
  • Active Bank account or Mpesa Statement
  • Business permit/ registration certificate
  • Business records for at least 6 months
  • Loan security (Log Book, Title Deed, House hold goods, business assets)

Money254 Review


  • Available to businesses without formal registration


  • Requires  security
  • Requires business to be in operation for 12 months

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How to Apply ECLOF Kenya SME Loan, Structure, Repayment, Fees & Contacts

ECLOF Kenya SME loans are designed to address SME business growth needs, business expansion, and working capital.

Who is Eligible for ECLOF Kenya SME Loan?

ECLOF Kenya SME Loan Security/Collateral

ECLOF Kenya SME Loan limits and Interest rates

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