1. Chama Loan
Organised Chamas
Features
- Loan up to 7 times chama’s savings
- Flexible loan repayment period
- Competitive interest rates
- Fast processing
- No penalty for early repayment
- Loan disbursed to the Chama
Requirements
- Chama must have saved for at least three months
- Duly filled loan application form
- Copy of ID/passport & Pin of applicant
- Copy of group registration certificate
- Trustee deed required
- Chama has to be meeting regularly
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2. Consumer Loans
Individuals who want to take up loan facility
Features
- One must show ability to repay loans
- Flexible loan repayment period
- Competitive interest rates
- Fast processing
- No penalty for early repayment
- Loan guaranteed through security or guarantors
Requirements
- Duly filled loan application form
- Copy of ID/passport & Pin of applicant
- Duly filled loan application form
- Security/guarantor
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3. Asset Finance
To enable customers acquire durable assets e.g. motor vehicles & machinery, for business or personal use.
Features
- The asset being financed shall constitute part of the security – joint registration.
- Bank financing of up to 70% of total cost of asset, customer financing the balance
- Flexible loan repayment period
- Competitive interest rates
- Fast processing
- No penalty for early repayment
Requirements
- Copy of ID/passport & KRA Pin
- Duly filled loan application form
- Certified 6month bank statement (non-SMEP customers)
- No negative CRB listing
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4. Insurance Premium Financing (IPF)
This is a means of financing insurance premium payments. The Bank finances the annual premium for the borrower, and he/she pays the monthly instalments for the amount advanced.
Features
- Loan Size: A minimum of Ksh 5, 000
- Loan Period: up to 10 months
- Grace Period: no grace period
- Repayment frequency: Monthly repayment plan
Requirements
- Be a Kenyan citizen
- Be at least 18 years of age and not above 70 years of age at entry.
- Get a quotation/ invoice from an insurer or Insurance Agent.
- An account holder with SMEP MFB
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Agri-Business Enterprise Loans
All people willing to engage in agribusiness activities from farm to fork.
Requirements
Account Holders
- Copy of ID/passport & Pin
- Accounts report for your farming activities
- Farm visit
- Duly filled account application form
Non-Account Holders
- Copy of ID/passport & Pin
- Accounts report for your farming activities
- 6 months bank statement from your bank/MPESA statements
- Farm visit
- Duly filled account application form
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Check-Off Loans
Salaried employees
Features
- Attractive interest rates
- Flexible loan repayment
- Fast loan approval
- No penalty for early repayment
- Buy-off of up to two loans
Requirements
- Duly filled loan application form
- Copy of ID/passport & Pin
- Guarantors
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Logbook Loans
Business people/Emergencies
Features
- Up to Ksh1,000,000
- Flexible loan repayment period of up to 12 months
- 24hrs processing time
- No penalty for early repayment
Requirements
- Duly filled loan application form
- Copy of ID/passport & Pin of applicant
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Cash Kash Loans
All SMEP customers
Features
- Up to Ksh 20,000
- Loan repayment period of up to one month
- Immediate processing
- No penalty for early repayment
Requirements
- Must be an active SMEP customer
- Download the Cash Kash App or dial *635# to access the loan
Apply Here
Groups Loans
Organised groups
Features
- Loan advance to individual members within the group
- Member can get up to 5 times his/her
- Flexible loan repayment period
- Competitive interest rates
- Fast loan processing
- No penalty for early repayment
- Co-guarantee by other group members
Requirements
- Group must have met and saved for at least two months six weeks
- Duly filled loan application form
- Copy of ID/passport & Pin of applicant