Business Loans

Maisha Microfinance Bank Limited Maisha Biashara Boost Details

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

Maisha Biashara Boost Loan
Amount
Ksh100k - 350k
Duration
1 Month - 12 Months
Total Cost
20.40%- 22.40% annualized (year 1)
Business Permit Required
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Loan Cost

  • ‍‍Interest: 18% - 20%
  • Application Fee: 0
  • Processing Fee: 2%
  • Excise Duty: 20% of processing fee

Loan structure‍

  • Type: Secured
  • Interest structure: Flat Rate
  • Collateral needed: Either, Title deed, log book or shares

Loan  Details‍

  • Loan size: SME
  • Minimum tenure: 1 Month
  • Max tenure: 12 Months
  • Minimum amount: ksh100K
  • Maximum amount: ksh350k
  • Repayment Frequency: Monthly

Eligibility‍

  • Time in operation: 6 Months

Documents‍

  • National ID
  • KRA Certificate
  • Business Permits
  • 6 Bank statements
  • Security/Collateral
  • Passport pictures
  • T&C Link

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 20%
  • Processing Fee: ksh2000
  • Excise Duty: ksh400
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh9,263.45
  • Estimated Total repayment amount: ksh111,161.41

This product is provided by Maisha Microfinance Bank. Maisha 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.‍

Cons‍

  • This loan requires security
  • Requires an active banking history for at least 3 months


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How to Apply Maisha Microfinance Bank Maisha Biashara Boost Loan, Structure, Repayment, Fees & Contacts

Maisha Microfinance Bank Maisha Biashara Boost Loan is targeted at small and micro businesses that require short-term working capital.

Who is Eligible for Maisha Microfinance Bank Maisha Biashara Boost Loan?

Maisha Microfinance Bank Maisha Biashara Boost Loan limits and Interest rates

Other Fees

Maisha Microfinance Bank Maisha Biashara Boost Loan Interest Structure

How to Apply for Your First Maisha Microfinance Bank Maisha Biashara Boost Loan

How to Apply for Your First Maisha Microfinance Bank Maisha Biashara Boost Loan

Contacts

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