Business Loans

Faulu Microfinance Bank Limited Micro loan Partially Secured 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.

Faulu Microfinance Bank Limited

Micro loan Partially Secured
Amount
Ksh5k - 500k
Duration
6 Months - 18 months
Total Cost
33.29% annualized (year 1)
Business Permit Required
visit website

Loan Cost

  • ‍‍Interest: 29.09%
  • Application Fee: 0
  • Processing Fee: 3%
  • Excise Duty: 20% of processing fee

Loan structure‍

  • Type:  Partially Secured
  • Interest structure: Reducing balance
  • Security needed: 2 guarantors with hazina accounts

Loan  Details‍

  • Loan size: Micro/SME
  • Minimum tenure: 6 Months
  • Max tenure: 18 Months
  • Minimum amount: ksh5K
  • Max amount: ksh500K
  • Repayment Frequency: Monthly

Eligibility‍

  • Time in operation: 12 Months
  • Banking History: 6 Months

Documents‍

  • National ID
  • KRA Pin
  • Coloured Passport photograph
  • Open a Hazina account with the bank
  • T&C Link

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 29.09%
  • Processing Fee: ksh3000
  • Excise Duty: ksh600
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh9,704.01
  • Estimated Total repayment amount: ksh116,448.07

This product is provided by Faulu Microfinance Bank. Faulu 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
  • Available to micro and SMEs‍

Cons‍

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


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 Faulu Microfinance Bank Micro Secured Loan, Structure, Repayment, Fees & Contacts

Faulu Microfinance Bank Micro Secured loan is a loan given to business people in need of cash to boost their Biashara or finance LPOs, boost supplies to meet demands, and business emergencies.

Who is Eligible for Faulu Microfinance Bank Micro Secured Loan?

Faulu Microfinance Bank Micro Secured Loan Security/Collateral

Faulu Microfinance Bank Micro Secured Loan limits and Interest rates

Other Fees

Faulu Microfinance Bank Micro Secured Loan Interest Structure

Faulu Microfinance Bank Micro Secured Loan Interest Structure

‍How to Make Faulu Microfinance Bank Micro Secured Loan Repayments‍

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:

Oak Special Fund: All You Need to Know About the Fund Offering Over 20% Net Returns
Investments

Oak Special Fund: All You Need to Know About the Fund Offering Over 20% Net Returns

July 11, 2025
How to Apply for Tax Refunds From KRA in 2025 
News and Analysis

How to Apply for Tax Refunds From KRA in 2025 

July 11, 2025
KWS Proposes Hike in Park Entry Fees [NEW RATES] 
News and Analysis

KWS Proposes Hike in Park Entry Fees [NEW RATES] 

July 11, 2025
KRA Sets New Requirement for All Goods Imported to Kenya
News and Analysis

KRA Sets New Requirement for All Goods Imported to Kenya

July 10, 2025
MPs Grill Kenya Power CEO Over Increased Electricity Prices, Ksh71B Debt
News and Analysis

MPs Grill Kenya Power CEO Over Increased Electricity Prices, Ksh71B Debt

July 10, 2025
‍3 Forms of Insurance That Can Protect Your Business During Protests in Kenya‍
Insurance

‍3 Forms of Insurance That Can Protect Your Business During Protests in Kenya‍

July 9, 2025
Govt in Talks With 6 International Firms to Expand JKIA After Cancelling Adani Deal
News and Analysis

Govt in Talks With 6 International Firms to Expand JKIA After Cancelling Adani Deal

July 9, 2025
6 Kenya Power Errors When Loading Tokens and How to Fix Them
Money Management

6 Kenya Power Errors When Loading Tokens and How to Fix Them

July 8, 2025

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.