Musoni Microfinance Nawiri Business Loan Details

Rates available from as of 1st April 2021
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Musoni Microfinance

Nawiri Flat Rate Business Loan
Ksh5k - 140k
1 Month - 12 Months
Total Cost
7% - 84% per loan (+ksh2k Chattel registration)
Business Permit Required
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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: 1 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

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

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