Msamaria Women’s Loan
Are you a woman looking to expand your business? Msamaria Women’s Loan offers financial empowerment to women who are seeking working and investment capital.
This loan facility aims at accelerating women’s economic empowerment by providing affordable and usable finance towards their businesses.
What is the repayment period?
- Ksh 5,000 to 300,000 – 12 months
- Ksh 300,000 to 1,000,000 – 18 months
- Above Ksh 1 million – 36 months
Maximum loan amount is Ksh 10,000,000
Requirements
- Have a business not less than a year old
- Business should have regular cash flow
- Business license of the current year where applicable
- Open an account with Co-operative Bank
- Provide certified bank statements from other banks if your Co-op Bank account is less than 6 months old
- Acceptable security will include but not limited to chattels mortgage over household, business assets, land, NSE se
- Copy of KRA PIN
Loan Interest Rate
PRODUCT | INTEREST RATE | APPLICATION/ NEGOTIATION FEES | APPRAISAL FEES | MAX. TENOR |
MSAMARIA LOANS-REDUCING | 13% | None | 2.5% | 60 Months |
MSAMARIA FLAT RATE | 1.083 % p.m. | Non | 2.5% | 60 Months |
