Business Loans

Real People Kenya Micro Enterprise Finance Details

Rates available from as of 1st April 2021
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Real People Kenya

Micro Enterprise Finance Starter Loan
Amount
Ksh300k - 1M
Duration
1 Month - 36 Months
Total Cost
25% annualized (year 1)
Business Permit Required
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Loan Cost

  • ‍‍Interest: 25%
  • Application Fee: 0
  • Processing Fee: 0
  • Securitization Fee: ksh2000

Loan structure‍

  • Type: Secured
  • Interest structure: Flat Rate
  • Security needed: Log book

Loan  Details‍

  • Loan size: SME
  • Minimum tenure:1 Month
  • Max tenure: 36 Months
  • Minimum amount: ksh300K
  • Max amount: ksh1M
  • Repayment Frequency: Weekly/Monthly

Eligibility‍

  • Time in operation: 24 Months

Documents‍

  • Original ID and Copy of ID
  • Bank and M-PESA statements for at least 6 months
  • Business permits
  • Business records for at least 6 months
  • Loan security (Log Book)

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh100,000
  • Example Loan Tenure: 12 months
  • Representative APR: 25%
  • Securitization Fee: ksh2,000
  • Monthly Loan Repayments: ksh33,333
  • Total Loan Repayment: ksh400,000

This product is provided by Real People Kenya. Real People Kenya is a Non-deposit taking Microfinance Institution duly registered under the Companies Act No 17 of 2015.

‍

Money254 Review

Pros

  • ‍‍Available to businesses without formal registration
  • Available to SMEs‍

Cons‍

  • Requires security
  • Requires securitization fee of ksh2000

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How to Apply Real People Kenya Micro Enterprise Finance Loan, Structure, Repayment, Fees & Contacts

Real People Kenya Micro Enterprise loan is designed for business people in need of financing.

Who is Eligible for Real People Kenya Micro Enterprise Finance Loan?

Real People Kenya Micro Enterprise Finance Loan limits and Interest Rates

Other Fees

Real People Kenya Micro Enterprise Finance Loan Interest Structure

How to Apply for Your First Real People Kenya Micro Enterprise Finance Loan

How to Apply for Your First Real People Kenya Micro Enterprise Finance Loan

Contacts

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