Loan Cost
Interest Tiering:
- 2 week loan - 6% interest
- 4 week loan - 8.5% interest
- 8 week loan - 17% interest
Other Fees:
Loan structure
- Type: Unsecured
- Loan Fees structure: Flat rate
- Collateral needed: None
Loan Details
- Loan size: SME
- Minimum tenure: 2 weeks
- Max tenure: 8 weeks
- Starting Limit: 20% of monthly sales
- Minimum Limit: ksh 20k
- Maximum Limit: ksh 200k
- Repayment Frequency: Weekly
Loan Limit replenishes upon completed repayment
Eligibility
- Time in operation: 6 Months
- Minimum monthly Sales: Ksh 100,000
- CRB Status: In good standing
Documents
- National ID
- KRA Pin
- Business records
- Business Permit
- 6 months Mpesa & Bank statements
Shara Technologies Ltd is a MFI licensed under the Central Bank (Amendment)Act of 2021 and regulated by the Central Bank of Kenya.