Asset Finance

1. Business loans

These include group loans to individual members in groups, Individual loans to non-group persons and SME business loans.

Features

Client needs to be running a business
Client belongs to a group of at least 10 members*
Loans from Kes. 5,000 to 3,000,000
Savings as little as Ksh 500.
Repayments through M-PESA.
Monthly repayments.
Loan disbursed through Mpesa.
Loans below 50,000 processed within 1 day*
Grace period of up to 1 month

3. Asset financing

For purchase of Trucks, Buses, Pickups, Posho mills, Motorbikes, Taxis, Agricultural machinery, etc .
Features

Individuals qualify based on ability to service the loan.
Asset forms part of security.
Easy, flexible security requirements.
Fast processing of loans.
Group members qualify on the second level loan.

4. DEVELOPMENT PARTNER LOANS; e.g. Women Enterprise Fund at 8% interest rate p/a.

Features

Must be a registered member of SMEP Microfinance Bank
The loan can be given to new groups of 10- 30 members, new individual clients and existing groups
Loan amount is a max of 100,000
Interest rate is 8% per annum
Repayment weekly/monthly basis and can be done through Mpesa
Loan available only if government provides funds

5. CONSUMER LOANS
Types:

Rembesha Nyumba (Household Loans), for example, refrigerator, microwave, cooker, TV set, installation of electricity, furniture
Maji Ni Uhai (Water Tanks)
Angaza Nyumba (Solar Power)
Elimu (School Fees)
Sherehekea loan (Only during festival season)

Features

Cheque is paid directly to the supplier of product or service (for example, manufacturer, school, supermarket, etc.)
No extra banker’s cheque fees
Client must have paid at least 50% of current business loan
Group must not be in arrears

6. AGRIBUSINESS LOANS – KILIMO SMART

SMEP is a one stop shop for Agricultural financing aimed at promoting modern technology in Agriculture for food security, improved livelihoods and economic growth
1. Dairy farming loan

This is financing farmers to enable them purchase quality dairy cows.

Features

Acquisition of improved breeds
Embryo transfer and Artificial Insemination financing
Improvement of dairy cow farming facilities and practices.
Improved productivity and incomes
A convenient way to acquire modern dairy cows
Access to dairy cow breeding program
Access to reliable dairy milk markets
Livestock insurance to mitigate risks

2. Input Financing

This is financing given to famers to purchase quality farm inputs like seeds, fertilisers and agro chemicals

Features

Easy access to affordable financing
Crop insurance to mitigate risks
Increased crop productivity and income
Promotes food security and improved livelihoods

3. Agribusiness/Agro dealer loans

These are loans given to clients who trade for agricultural inputs and produce like farmers agro dealers, commodity traders and processors as working capital for capital investments, stocking their business and for their day to day operations.

Features

Easy access to affordable financing
Improved business turn over/cash flows
Improved stock levels
Business continuity

4. Livestock financing

This is financing for purchase of inputs, quality breeds and equipments for modern farming in livestock like dairy goats, beef goats, pigs, rabbits, poultry, fish, and beekeeping value chains

Features

Promotes modern farming practices
Easy access to affordable financing
Increased productivity
Access to reliable markets
Improved health and nutrition
Increased income levels

5. Agricultural Asset Financing

This is financing for acquisition of agricultural farm machineries, equipments and implements like tractors, milking machines, chuff cutters etc and motor vehicles used in the agricultural value chains

Features

Improved efficiency in production
Work made easier
Easy access to affordable financing
Increased income levels
Promotes value addition

6. Green house Financing

This is financing for acquisition of Green house structures, inputs, irrigation kits, and agronomical support.

Features

Farming done under controlled environment
Less dependency on rain fed agriculture
Use of appropriate modern Agricultural technology
Produces high yield and better returns per acre
Improved overall food security situation
Improves income and standards of living for farmers

7. Other Products and services

Milk and Crop advance
Biogas
Warehouse receipting
Invoice Discounting
Agribusiness Short Term Loans

BENEFITS OF AGRIBUSINESS FINANCING WITH SMEP

§ Enables you to meet your financial needs
§ Ease of access to affordable credit
§ Promotes modern farming technology and practices
§ Increased productivity
§ Improved livelihoods and food security

Open an account with SMEP and enjoy our services like:

· Easy Access to loans

· Attractive interests on savings

· Banking services like

o ATM’s

o Mobile banking

o Cheques

o Nationwide branches