Sumac Microfinance Bank Limited Biashara Plus Loan Details

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

Biashara Plus Loan
Ksh50k - 2M
1 Month - 36 Months
Total Cost
23.1% annualized (year 1)
Business Permit Required
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Loan Cost

  • Interest: 19%
  • Application Fee: 0
  • Processing Fee: 3%
  • Excise Duty: 20% of processing fee

Loan structure

  • Type: Secured
  • Interest structure: Reducing Balance
  • Collateral needed: Either; Title deed, log book, Business stock, chattel, guarantors

Loan  Details

  • Loan size: SME
  • Minimum tenure: 1 Month
  • Max tenure: 36 Months
  • Minimum Amount: ksh50K
  • Max amount: ksh2M
  • Repayment Frequency: Monthly


  • Time in operation: 12 Months
  • Banking History: 6 months  


  • Open and maintain a Sumac MFB current/Savings account
  • National ID
  • KRA PIN certificate copies
  • 2 Passport size colour photographs
  • Six months certified bank statements
  • Evidence of emerging need e.g LPOs, LSOs, Invoices etc.
  • T&C Link

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 19%
  • Processing Fee: ksh3000
  • Excise Duty: ksh600
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh9,210.8
  • Estimated Total repayment amount: ksh110,610

This product is provided by Sumac Microfinance Bank. Sumac 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

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  • Available to businesses without formal registration


  • Requires the business to be operational for at least  1 year
  • Requires security

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How to Apply Sumac Microfinance Bank Biashara Plus Loan, Structure, Repayment, Fees & Contacts

Sumac Microfinance Bank Biashara Plus Loan is a credit facility designed to help business owners meet their working capital needs while also improving their cash flow position. It is offered to business persons involved in trading and merchanting. e.g general shops, hardware stores, exporters and importers, etc

Who is Eligible for Sumac Microfinance Bank Biashara Plus Loan?

Sumac Microfinance Bank Biashara Plus Loan Security/Collateral

Sumac Microfinance Bank Biashara Plus Loan limits and Interest Rates

Other Fees

Sumac Microfinance Bank Biashara Plus Loan Interest Structure

Sumac Microfinance Bank Biashara Plus Loan Interest Structure

How to Make Sumac Microfinance Bank Biashara Plus Loan Repayments


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