Musoni Microfinance Nawiri Business Loan 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.

Musoni Microfinance

Nawiri Flat Rate Business Loan
Ksh5k - 140k
3 Months - 12 Months
Total Cost
7% - 84% per loan (+ksh2k Chattel registration)
Business Permit Required
visit website

Loan Cost

  • Interest: 2% p.m
  • Application Fee: 0
  • Processing Fee: 4%
  • Chattel Registration: ksh2000
  • Credit Insurance: 1%

Loan structure

  • Type: Secured
  • Interest structure: Flat rate
  • Collateral needed: 20% Cash Collateral

Loan  Details

  • Loan size: Micro/SME
  • Minimum tenure: 3 Months
  • Max tenure: 12 Months
  • Minimum Amount: ksh5K
  • Max amount: Ksh140k
  • Repayment Frequency: Weekly/ Monthly


  • Time in operation: 6 Months


  • Original ID
  • Valid M-PESA number
  • Business records for at least 6 months
  • Business operations for at least 6 months
  • Bank and M-PESA statements for at least 6 months

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 24%
  • Processing Fee: ksh4000
  • Credit Insurance: ksh1000
  • Chattel Registration: ksh2000
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh10,333
  • Estimated Total repayment amount: ksh124,000

This product is provided by Musoni Microfinance. Musoni Microfinance is a Non-deposit taking Microfinance institution licensed under the Central Bank (Amendment)Act of 2021 and regulated by the Central Bank of Kenya.

Money254 Review


  • Flexible repayment installments
  • Available to businesses without formal registration
  • Subsequent applications can be done via USSD


  • Requires 20% cash collateral
  • Chattel registration charged ksh2000

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

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

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.