Mwananchi Credit Matatu Loan Financing Product Details is not a lender. We verify loan rates and provide cost breakdowns from Kenya's top lenders to help you apply for loans with confidence.
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Good financing opportunity for Matatus less than 10 years old
Mwananchi Credit
Matatu Loan Financing
Loan Amount
Up to 50% of PSV forced sale value
Loan Period
3 months - 2 years
Interest Rate
6% per month
Total Cost
(incl fees)
6.21% - 7.67% per month + 4k upfront fees
Product Details
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Loan Cost

  • Monthly Interest: 6%
  • Processing Fee: 4%
  • Application fee: 1%
  • Insurance: 1%

Pre-approval Fees:

  • Valuation: ksh4000
  • CRB Check: ksh500

Additional Third-Party Fees:

  • NTSA Logbook Search: ksh550
  • Car Tracker: ksh4,000
  • Logbook In-charge: As per NTSA Tariff

Loan structure

  • Type: Secured
  • Interest structure: Reducing Balance

Loan  Details

  • % Financed: 50% of Forced Sale Value
  • Year of Manufacture cut-off: 2010
  • Maximum tenure: 24 Months
  • Min Amount: ksh100,000
  • Max amount: ksh25M
  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • Late fees: 5% weekly (of installment balance)


  • KRA Pin
  • ID
  • 6 months M-pesa statements
  • 6 Months Bank statements
  • 2 Passport Photos
  • proforma Invoice

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh100,000
  • Example Loan Tenure: 12 months
  • Representative APR: 36%
  • Processing fee: ksh5,000
  • Total Third-Party Fees (See Cost Breakdown): ksh16,500
  • Total Loan Repayment Amount: ksh152,500
  • Monthly Loan Repayments: ksh11,333

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

Our Review
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  • Willing to Finance Matatus and Buses newer than 10 years of age.


  • Will finance only 50% of the matatu's forced sale value.
  • Your CRB status is checked to understand your paying habits, although a negative listing will not automatically disqualify you from receiving the loan.
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Mwananchi Credit Matatu Loan is financing given to individuals who want to acquire a matatu and pay it back in small installments as it earns you money. Mwananchi credit provides financing of up to 50% of the forced sale value of the matatu.

Who is Eligible for Mwananchi Credit Matatu Loan Financing?

Mwananchi Credit Matatu Loan Financing Security/Collateral 

Mwananchi Credit Matatu Loan Financing Limits and Interest Rates

Total Upfront Fees

Mwananchi Credit Matatu Loan Financing Interest Structure

Estimated Total Minimum and Maximum Monthly Cost of Mwananchi Credit Matatu Loan Financing

How to Apply for Your First Mwananchi Credit Matatu Loan Financing

How to Make Mwananchi Credit Matatu Loan Financing Repayments


Definition of Terms

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